GillenMarkets to join Quilter Cheviot Europe
Investment advisory firm GillenMarkets is to join Quilter Cheviot Europe, the Irish subsidiary of Quilter Cheviot.
Founded 15 years ago by Rory Gillen, GillenMarkets provides advice for personal, pension and corporate clients. It also offers investment training services and a subscription-based newsletter for do-it-yourself investors.
Quilter Cheviot's Dublin office opened in 2003 and it one of the country's largest wealth management firms offering investment management and financial planning services.
Rory Gillen said that Quilter Cheviot has an excellent reputation in the Irish market and a similar investment philosophy to GillenMarkets, but with greater resources, in particular enhanced research capabilities.
He said the company's investment clients will see no impact on the relationship they have with their investment adviser who, along with support staff, will continue to be the point of contact.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Irish Examiner
2 hours ago
- Irish Examiner
Labour body proposes 10% rise in minimum pay for childcare workers
A 10% increase in minimum rates of pay for childcare workers has been proposed by the Joint Labour Committee. Children's minister Norma Foley welcomed the development, after highlighting that not all of a €45m ring-fenced allocation was being used for pay and conditions. The proposals have been put forward by the Joint Labour Committee, which is made up of employer and worker representatives. The new proposals for a 10% increase in minimum pay represent a significant step toward ensuring fair pay for educators and practitioners working in the sector It has the responsibility for setting minimum rates of pay for over 35,000 staff in the early years and childcare sector. The changes would be part of an employment regulation order (ERO) which is a mechanism to set the minimum rates of pay and conditions for workers in a specified business sector. The order is drawn up by a Joint Labour Committee and signed into law by the minister for enterprise. Ms Foley said: 'The new proposals for a 10% increase in minimum pay represent a significant step toward ensuring fair pay for educators and practitioners working in the sector. 'I am committed to ensuring the successful implementation of these proposals by providing a ring-fenced allocation of €45m from Core Funding. 'It has been specifically earmarked to support services in meeting the cost of the proposed increases in pay and conditions.' Recently, Ms Foley met with the Joint Labour Committee to highlight the availability of this €45m in Core Funding from the state for increased pay for staff in the early years and childcare sector. She said: 'I would like to acknowledge the hard work and dedication of the Joint Labour Committee in these negotiations and their vital role in advancing the professionalism and value of those working in the sector. 'If these proposals are implemented through updated Employment Regulation Orders, they will bring much-needed improvements in pay for these dedicated professionals, enhancing the quality of care and education provided to children across Ireland. 'I am hopeful that these proposals will soon come into effect, marking a positive change for our dedicated and skilled staff in the early learning and childcare sector and the services that employ them.' Read More Tánaiste orders evacuation of Irish embassy staff in Iran
Irish Independent
2 hours ago
- Irish Independent
Coinbase becomes second major crypto firm to move regulatory hub out of Ireland in 2025
The company has obtained its Markets In Crypto Assets (Mica) licence, a foundational legal instrument for trading across the EU 27 countries, in Luxembourg. In 2023, Coinbase had said that Ireland was chosen from 27 EU countries to be its regulatory and operational hub for Europe, citing a 'stable political environment for technology innovation', 'respected regulators' and being 'a jurisdiction that is familiar and comfortable with both financial services and technology.' Since then, the Irish Central Bank has consistently denigrated crypto as a sector, with Governor Gabriel Makhlouf publicly branding virtual currencies as 'Ponzi schemes'. Coinbase CEO, Brian Armstrong, said in an interview with CNBC that the company has moved to Luxembourg for regulatory reasons. 'Luxembourg is leading the way with its pro-business climate and thoughtful approach to regulation,' he said. Earlier this year, another prominent crypto company also switched its regulatory hub away from Ireland, where it had initially established its European base. Gemini, the cryptocurrency exchange founded by the US billionaire Winklevoss twins, switched its headquarters from Ireland to Malta, citing a better environment for 'innovation among fintech and digital assets'. Senior figures in the Irish cryptocurrency and blockchain industry have expressed concern that a lack of Irish interest in cryptocurrency regulation is driving companies and jobs away. Earlier this year, the Central Bank tendered for consultants to advise it on crypto regulation, after the EU's main Mica rules had already come into force, prompting accusations of being a party-time regulator from prominent Irish crypto figures. In a move to reassure Irish staff of Coinbase's future here, the company's vice president and regional managing director, Daniel Seifert, said that it would soon hire more people for its Dublin office. ADVERTISEMENT "Regarding Ireland, we are happy to announce that Coinbase is doubling down on its commitment to the country and we are imminently adding around 50 jobs to our office,' he said. Coinbase is understood to employ over 100 people at present, having shed almost half of its staff during the tech industry's post-Covid layoffs. 'Our e-money licence through which we service customers across the EU is held in Ireland,' said Mr Seifert. 'I have relocated to Ireland, as CEO of the Irish entity, demonstrating our commitment to scaling international operations and deepening our presence in Europe, one of the most strategic and rapidly evolving crypto markets globally."
Irish Examiner
2 hours ago
- Irish Examiner
New Government taskforce to devise plan to tackle Ireland's sky-high energy bills
A new Government taskforce will draw up an interim plan on ways to ease energy costs for households. Minister for climate, energy and the environment Darragh O'Brien this week chaired the first meeting of the new National Energy Affordability Taskforce, which aims to tackle the sky-high energy costs for consumers in Ireland. The Taoiseach has previously signalled an end to energy credits, which saw all households receive money off their electricity bills in previous years, with no plans to include it in the next Budget. New research has revealed that Ireland is the second most expensive country in the EU, with households here having some of the most expensive energy bills in Europe. 'I understand that many families and businesses are feeling the pressure of current energy prices,' Mr O'Brien said. 'We need to adopt policies which will benefit consumers in the near term and implement reforms to ensure that energy system costs are fairly distributed in the years ahead.' As well as measures to include in Budget 2026, the taskforce has also been asked to identify structural reforms that could be made in the Irish energy sector and to publish a new national energy affordability plan. Included on the taskforce are civil servants from several government departments as well as representatives from the energy regulator, ESB Networks and Eirgrid. Mr O'Brien added: 'The taskforce will be a crucial element of the Government's efforts to improve national competitiveness, protect the most vulnerable within society from rising energy costs and ensure that Irish consumers benefit from the energy transition.' Focus Ireland initiative Separately, Friday saw the announcement of a new arrangement between Bord Gáis and the homeless charity Focus Ireland for some tenants to receive free hot water through surplus renewable energy. The EnergyCloud initiative has seen 45 smart devices installed in Focus Ireland homes in Finglas and Dungarvan. The devices will automatically trigger hot water production when surplus wind energy is available that will reduce waste and cut energy bills.
