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Mar 4, 2021 Hubbis
IQ-EQ has announced its plans to expand its Irish operations with the launch of a dedicated Funds business in Ireland.
Enhancing our group’s existing fund services offering, this move signifies the increasing importance of Ireland as a funds domicile, particularly in light of Britain’s recent exit from the European Union and the changes to the Irish Investment Limited Partnership legislation, the firm said in a press release.
Ireland is already popular among U.S. fund managers, having cemented its status with the Irish Connective Asset Management Vehicle (ICAV), which complements US tax planning, reports IQ-EQ.
IQ-EQ expands global funds division into Ireland
New appointments and a team transition for IQ-EQ as it sets up an Irish funds business.
March 2, 2021 10:11 AM GMT
Fund administration provider IQ-EQ has announced plans to launch a dedicated funds business in Ireland, as the country becomes an increasingly popular European fund domicile.
Ireland has benefited as a fund centre from Britain leaving the EU last year, while the recent changes to the Irish Investment Limited Partnership (ILP) legislation are set to appeal to more private capital funds.
In light of these changes, IQ-EQ has bolstered its presence in the country, including transferring several key personnel from its wider UK & Ireland cluster, with Belfast-based Eoghan Harney taking on the role of director and head of fund accounting.