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State Street In Possible Purchase Of Irish Asset Manager
Tom Burroughes
27 August 2010
State Street Corporation is discussing a possible purchase of Bank of Ireland’s asset management business, according to Bloomberg, which cited unnamed sources. The unit holds about €25 billion of assets under management, the report said, adding that no agreement has been reached about any deal. Bank of Ireland and State Street declined to comment when contacted by this publication. Street Street is one of the world’s largest asset management and custodian firms.