Helvetia Wealth expands in Ireland
Helvetia Wealth has acquired J D Murphy Investment Life & Pension Benefits, which is based in the Republic of Ireland and specialises in long-term investments and pension plans, plus life and health insurance.
The Swiss wealth management firm describes the Kilkenny company as “widely known” in Ireland, having been founded in 1969.
Helvetia entered the Irish market three years ago to provide asset management services to “top tier” private and institutional clients.
Commenting on the latest move, chief executive officer Kamil Stender says the company is showing its commitment to Ireland and the Irish economy as it recovers.
According to vice chief executive officer, Guy van der Walt, property assets hold an average 70% weighting in Irish private client portfolios, and Helvetia’s Irish clients will be well positioned to benefit from the group’s experience in the effort to recover external losses.
The firm has been expanding rapidly in recent months, having acquired Glasgow-based City Gate Money Management and a controlling stake in London-based TAM Asset Management, at the end of last year.
Category: Companies News, Insurance News
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