Open-architecture distribution has been hailed as a boon for investors, but doubts have been expressed in the industry about legal and regulatory constraints on fullest implementation. This nevertheless has not prevented the appearance of open architecture models. Siobhan Moran, Head of Client Coverage, Ireland at RBC Investor & Treasury Services examines the evolution of open-architecture distribution models developing as part of fund distribution models in the November 2022 issue of Finance Dublin.
WITH travel between countries currently severely restricted it is increasing likely that directors of IFS companies may not be willing and/or physically able to travel to meetings in Ireland.
In investment funds for example, the majority of boards meet on a quarterly basis and any alternative investment funds which meet on a less regular basis are required to explain this decision in accordance with the Irish Funds Corporate Governance Code. The Central Bank of Ireland’s Fund Management Company Guidance states that boards of fund managers (including self-managed funds) should meet at least quarterly and that it is expected that at least these four meetings are held in Ireland.
London, 28th May 2020: Amundi, the leading European asset manager, announced that the Central Bank of Ireland has confirmed Amundi as a 'Super' Management Company in Ireland. It complements a range of existing authorisations held by the firm including, individual portfolio management and investment advice. With the full scope of AIFMD and UCITS permissions in Ireland, Amundi can now draw on its four major hubs for fund hosting services: France, Luxembourg, Austria and Ireland.
'We find asset reallocation combined with reinsurance to be the most effective means to manage an insurer’s return/risk profile following a more holistic enterprise-based framework', says New England Asset Management's Jim Bachman. New England Asset Management (NEAM) was established 1984 based on the recognition of a need for specialised asset management services tailored to the insurance industry. It was acquired by Berkshire Hathaway in 1998 and, in Europe, has established NEAM Limited in Ireland with a branch office in the UK.