Allied Irish Bank’s fund management house, AIB Investment Managers (AIBIM), has become one of the first Irish managers to be certified GIPS (Global Investment Performance Standards) compliant.

AIBIM, which manages approximately e14bn in Irish assets, of which around 65% are pension fund assets, also received certification of its London based investment arm AIB Govett Asset Management under UKIPS (UK Investment Performance Standards) the GIPS plus standard acknowledged in the UK. Compliance includes the Singapore operations of the investment bank, managed through Govett.

The entire group, including its US fund management arm, runs roughly e33bn in assets.
Tony Gargan, head of pensions marketing at AIBIM in Dublin, comments: “ It reflects what we are trying to do here in terms of approaching best world standards in all aspects of our investment process. GIPS is a natural part of this.”

Gargan says it also reflects an increasing surge of best practice in the operations of Irish investment managers as a whole.

AIB’s US asset management branch is already covered by the AIMR performance requisite.
PriceWaterhouseCoopers carried out the compliancy investigation of AIBIM.

Topics