Investor group IQ-EQ is buying Davy Global Fund Management (DGFM), part of Davy Group. The core part of Davy is expected to be sold to Bank of Ireland. Formed in 2014, DGFM today employs 83 people – 68 based in Dublin, 13 in Luxembourg, 1 in London and 1 in Chicago. The newly combined Irish business will offer Corporate Administration, Fund Administration, Fund Management and Portfolio Management services. Following receipt of regulatory approval, Tom Berrigan, DGFM chief executive, and Paul Giblin, DGFM managing director, will join the IQ-EQ UK & Ireland senior leadership team.

Source: Irish Independent July 22, 2021 07:18 UTC