Investor services provider IQ-EQ has competed the acquisition of Irish fund management business Davy Global Fund Management (DGFM) following regulatory approval from the Central Bank of Ireland.
Effective immediately the legacy DGFM business will operate as IQ-EQ Fund Management (Ireland) Limited a fund management company that helps global asset managers to establish and operate UCITS and AIF structures in Europe.
The newly combined business will offer fund management and portfolio management services, fund administration and corporate dministration services from its offices in Dublin and Shannon where it employs a team of 130-plus people, part of a total employee base of 4,000-plus operating across 24 jurisdictions globally. IQ-EQ also employs 150-plu people in its Belfast office. Thanks to strong business growth IQ-EQ plans to expand its Ireland based workforce in 2022.
Leading the business will be former DGFM Chief Executive Officer, Tom Berrigan, who takes up the role of Managing Director of IQ-EQ’s newly enlarged Ireland business.
