Setanta Asset Management Ltd (Dublin)

Name: Setanta Asset Management Ltd
Address: Beresford Court, Beresford Place, Dublin, D1
Telephone: 00 353 1 612 4900

Setanta Asset Management Ltd is an adviser based in Dublin. It manages $11.09 billion of regulatory assets for 17 client accounts. It has been registered with the SEC as an adviser since 2015.

Setanta Asset Management provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Setanta Asset Management: assets under management

The assets under management (AUM) of Setanta Asset Management Ltd is $11.09 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 33% since the beginning of its operation, and $10.42 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $11.09 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $652.08 million each.

Investments

The firm invests in exchange traded securities the most. They account for 61% of the total AUM. The second-largest asset type is sovereign bonds, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Setanta Asset Management Ltd for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Declan Timothy Bolger serves?

The firm provides services to insurance companies, charitable organizations, other investment advisers, high net worth individuals, and pooled investment vehicles. The largest group of clients of Declan Timothy Bolger is insurance companies with 5 clients and $9.74 billion of assets under management. Among the 10 most similar advisory firms, Setanta Asset Management has the 2nd highest percentage of insurance companies out of all clients.

The amount of regulatory assets under management is $11.09 billion for 17 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 65% of the firm’s clients are foreign persons or businesses.

Setanta Asset Management doesn't advise any private funds.

Careers at Setanta Asset Management Ltd

The company employs 13 people that are either part- or full-time employees. 92 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Declan Timothy Bolger has been acting as President since 1 Nov 2009. Rose Mchugh joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Peter Gordon Munro	Chairman and director	1 Nov 2004	Other	6485203
Ruairi O'flynn	Director	1 May 2007	Other	6485659
Ruairi Padraig O'flynn	Director	1 May 2007	Other	6485659
The Canada Life Group (Uk) Limited	Sole proprietor	1 Nov 2007	75% - 100%	3171033120
Kieran Patrick Dempsey	Managing director	1 Mar 2008	Other	6485655
Declan Timothy Bolger	Director	1 Nov 2009	Other	6485205
James Gerard Keenan	Director	1 Jul 2013	Other	6485650
William Edward Kyle	Director	1 Jul 2013	Other	6485654
Michael Francis O'brien	Director	1 Jul 2013	Other	6485657
Patrick Christopher Burke	Director	1 Oct 2013	Other	6485649
Donal John Woodcock	Chief compliance officer	1 Nov 2013	Other	6485664
David Martin Harney	Director	1 Oct 2016	75% - 100%	6775395
John Occleshaw	Director	1 Sep 2017	Other	6931288
John Eric Occleshaw	Director	1 Sep 2017	Other	6931288
Raman Srivastava	Chairman and director	1 Apr 2019	Other	7163810
Rose Mchugh	Director	1 Jun 2019	Other	7163813

Indirect Owners

The SEC currently registers 19 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Power Financial Corporation	Shareholder	1 Mar 1986	50% - 75%	foreign entity
171263 Canada Inc.	Shareholder	1 Mar 1988	50% - 75%	foreign entity
Power Corporation Of Canada	Shareholder	1 Dec 1998	75% - 100%	foreign entity
Canada Life International Holdings Limited	Shareholder	1 Jul 2013	75% - 100%	29593
Canada Life Capital Corporation Inc.	Shareholder	1 Jul 2013	75% - 100%	8907 2921 rc0001
The Canada Life Assurance Company	Shareholder	1 Jul 2013	75% - 100%	38-0397420
Canada Life Financial Corporation	Shareholder	1 Jul 2013	75% - 100%	89064 2325 rc001
The Great West Life Assurance Company	Shareholder	1 Jul 2013	75% - 100%	98-0000673
Great West Lifeco Inc.	Shareholder	1 Jul 2013	75% - 100%	98-5832 rc0001
Great West Life Co	Parent company	1 Jul 2013	75% - 100%	98-5832 rc0001
Michel Plessis Belair	Trustee	1 Oct 2013	Other	6264973
Guy Fortin	Trustee	1 Oct 2013	Other	6264971
Andre Desmarais	Trustee	1 Oct 2013	Other	6265184
Paul Desmarais	Trustee	1 Oct 2013	Other	1498208
Andre Roger Desmarais	Trustee	1 Oct 2013	Other	6265184
Paul Guy Desmarais	Trustee	1 Oct 2013	Other	1498208
Pansolo Holding Inc.	Shareholder	1 Oct 2015	50% - 75%	foreign entity
The Desmarais Family Residuary Trust	Shareholder	1 Oct 2015	75% - 100%	foreign entity
Sophie Desmarais	Trustee	1 Mar 2018	Other	6922224

Based in Dublin

The principal office where Setanta Asset Management Ltd performs its advisory services is located at Beresford Court, Beresford Place, Dublin, D1, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 00 353 1 612 4900 or by fax 00 353 1 612 4948. The normal business hours are 8.00 am to 6.00 pm on Monday - Friday. You can find more information about the New York firm at setanta-asset.com/.