Great‑West Lifeco has consolidated three of its European asset-management businesses to establish Keyridge Asset Management, a UK-centred firm with around £135 billion of assets under management. 

The merger brings together Canada Life Asset Management (UK), Setanta Asset Management (Ireland) and Irish Life Investment Managers under the new Keyridge brand. While the Setanta and Irish Life brands will continue to operate in Ireland and Canada Life Asset Management will remain active in the UK, the management structure has been unified. 

Patrick Burke, formerly managing director of Irish Life Investment Managers, has been appointed Chief Executive Officer of Keyridge. He said:

“Launching Keyridge in the UK reflects both our confidence in this market and our commitment to serving clients in one of the world’s most influential financial centres.” 

Lindsey Rix‑Broom, CEO Europe of Great-West Lifeco, added:

“Combining these businesses allows us to harness the best of our talent, technology and investment capabilities, ensuring we are well positioned to realise our vision for Keyridge and for our clients.” 

The move is part of Great-West Lifeco’s strategy to simplify its European operations and build a stronger UK-based asset-management platform by leveraging scale and shared investment infrastructure