Anglo Irish Bank has transferred its investment business to MAC Financial, a corporate IFA based in the Isle of Man.
The move follows a strategic review by Anglo, which has caused the bank to concentrate on its deposit and lending business. However the transfer of business will only involve the bank, with Anglo’s trust company, fund services and yachting services remaining unaffected. MAC Financial provides an employee benefits consultancy to a range of clients, from multi-national companies to small family firms, and it says it also has a large and growing financial services business in offering independent financial advice. The transfer of business from Anglo Irish Bank, is the latest in a series of...
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