Zurich Bank acquired an Irish bank licence in September 2001 serving a client base of financial institutions, insurance companies, hedge fund of funds and high net worth individuals and had three subsidiaries: Dunbar Bank, a UK based, regulated bank that specialises in property development finance (which voluntarily revoked its banking licence in September 2011, and has since been renamed Dunbar Assets Plc), Zurich Bank International, based in the Isle of Man undertakes wealth management and offshore banking services and Zurich Trust Limited, a Jersey based company which provides trust services to group companies and third parties, was sold to another Zurich group company in August 2011. Zurich Bank voluntarily revoked its banking licence on 14th December 2012. The company, renamed Dunbar Assets Ireland, now serves as a property holding company.