Dgfm

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Davy has agreed to sell its Global Fund Management unit to global fund services group IQ-EQ. File photograph: Niall Carson/PA Wire

Davy, the stockbroking and wealth-management firm, has agreed to sell its assets for as much as €605 million in three deals, as it seeks to draw a lin(...)

Davy put itself up for sale in March in an effort to rebuild trust in the business and address concerns about former executives involved in a controversial bond deal in 2014 remaining as major shareholders. Photograph: Sasko Lazarov/RollingNews.ie

Davy’s fund management and servicing unit will be sold separately to Bank of Ireland’s planned purchase of the firm’s capital markets and wealth manag(...)