IRELAND - The Irish National Treasury Management Agency (NTMA) has chosen two IT providers for administration and accounting for its combined €275m property and private equity portfolio.
JPMorgan Private Equity Institutional Investor Services has won a contract for back-office IT services. London-based Sungard Investran will provide front office IT services.
The NTMA's €18.8bn fund started to invest in both property and private equity in 2005 and plans to increase exposure to both to a combined 8% or €2bn over the next few years.
Elsewhere, the Irish Ministry of Finance has named Maurice Keane, former CEO at the Bank of Ireland, as an additional member of the NPRF commission.
The commission is responsible for the €18.9bn NPRF's investments.