The Isle of Man office of wealth manager WHIreland has been appointed to manage two investment mandates for the Isle of Man government.
The award of the two mandates from the treasury department of the Isle of Man government will be for a fixed term of five years.
WHIreland offers wealth management and wealth planning services to private clients, corporates and trusts in the UK and internationally from the Isle of Man.
The award of the government mandate will be seen as a coup for the firm as it has only been operating for two years, amassing more than £2.5bn of assets under management in that period.
Richard Killingbeck, group chief executive at WHIreland, hopes that this appointment will give the firm the chance to further extend it business internationally.
He said: “Our international division has grown significantly from two to eight staff since the office launched in February 2014.
“The appointment to manage the two mandates gives us a sound platform to continue the growth of our international business and further strengthen our Isle of Man team.”