Intensifying competition in the space means more international players such as New York-based Silvercrest Asset Management Group are entering hoping to attract a slice of Ireland’s growing affluence
Silvercrest Asset Management Gorup is hoping the regulatory process will be completed in the second quarter of its financial year. Above, Positano, Italy. Stock image/Getty
A New York-based wealth manager for high-net-worth individuals and families is planning to open a new European office in Dublin, sparking further competition in the industry.
Silvercrest Asset Management Group, a Nasdaq-listed wealth manager with almost $38bn (€33bn) in assets under management, shared plans to open a new Irish office with investors in a recent earnings call. The company is currently seeking regulatory approval from the Central Bank of Ireland, with the hope that the process will be completed in the second quarter of its financial year.