Dear Customer,
This morning it was announced that State Street Global Advisors (SSgA), the global asset management business of State Street Corporation, has agreed to acquire BIAM. State Street Global Advisors one of the largest managers of institutional money in the world.
BIAM and State Street already have a strong and successful working relationship and have worked together for nearly 10 years.
This sale is subject to regulatory approval and will take a few months to complete. But, today, it is business as usual at BIAM. Monies invested continue to be managed in the same way by the same people. There are no changes to any arrangements that New Ireland have in place with BIAM.
We at New Ireland look forward to continuing our partnership with BIAM as a member of the State Street family.
For more information, attached please find:
– A link to a short recording with Chris Johns, BIAM’s interim CEO, on the sale
– A Q&A document and
– A profile of State Street Global Advisors
Should you have any queries about this announcement, please talk to your Independent Broker, New Ireland Financial Advisor or call us on 01 617 2000.
Sean Casey
Managing Director