Quilter Cheviot Europe (QCE), the Irish subsidiary of wealth manager Quilter Cheviot, is pleased to announce the completion of its acquisition of Dublin-based investment firm, GillenMarkets.
GillenMarkets was founded by Rory Gillen and currently advises on over €650m of assets. As part of the acquisition, Rory Gillen, five investment advisors, its head of research, and its support team will join QCE.
This acquisition expands QCE’s presence in Ireland and continues the evolution of its integrated investment management and financial planning offering for clients in Ireland and throughout Europe. QCE’s office was established in 2003 before becoming authorised as Quilter Cheviot Europe in 2019 to serve clients across the European Union. QCE’s business has grown significantly since 2022, doubling its AUM in the process, and this acquisition represents the next step in that growth.
Andrew Fahy, Chief Executive of Quilter Cheviot Europe: “We are delighted to announce the completion of our acquisition of GillenMarkets, and that we can welcome our new colleagues and clients to Quilter Cheviot. Rory and the team have grown this business over several years and are hugely respected across the Irish business and wealth management community. We are excited to see what our combined team can achieve. QCE has grown substantially over the past three years, and we want to continue to build on our scale and reach. Our ambition is to be the wealth manager of choice in Ireland, and this exciting acquisition supports us on that journey.”
Rory Gillen, Founder of GillenMarkets, added: “After more than a decade and a half, this is a huge milestone for the GillenMarkets team, and we are looking forward to being part of Quilter Cheviot. QCE has built an excellent and respected reputation in the Irish market, and we are excited by the opportunity to combine with such a prestigious wealth manager. With similar investment and client-focused philosophies, clients will see a huge benefit from us joining a business with enhanced investment resources and capabilities.”
