Anglo Irish Bank Corporation (I.O.M.) P.L.C. says it has transferred its investment business to Isle of Man-based MAC Financial Ltd.
They say it follows a strategic review by Anglo, which has prompted the bank to concentrate on its deposit business, and on lending. The new strategic direction only involves the Bank; Anglo’s trust company, fund services, and yachting services operations, remain unaffected.
Anglo Irish Bank Director, Mark Gaywood, said: “We have decided to refocus our banking business on our personal deposit account portfolio. We feel that we are primarily a deposit taking and lending bank, and while providing an investment service has proved successful, we feel it no longer fits in with our overall strategy.
Pictured left to right, Mark Gaywood, Anglo Irish Bank Director, Jon McGowan, Managing Director of MAC Financial, and David MacGregor, Head of Banking at Anglo Irish Bank, celebrate the successful transfer of Anglo investment business.
Researching your Manx family history can be a very interesting and rewarding hobby. Trace your roots in the Isle of Man with our helpful of guide.
