Appian Asset Management and Custom House Capital

Following Central Bank intervention, Appian Asset Management Limited ("Appian") is terminating all its previously announced arrangements with Custom House Capital Limited ("CHC") and related to CHC arising from the agreement whereby Appian was to become the Investment Manager of approximately €250million of non-property assets held by CHC.

A copy letter dated 13 July 2011 to Appian from the Central Bank clarifying Appian's role in this matter is below. 

All of these CHC related matters have no impact whatsoever on Appian clients or any of Appian's clients' assets or investments with Appian.

Appian clients who have any queries should contact their Appian relationship manager or investment portfolio adviser.

To read more click here to view the Irish Times article.

CHC clients should contact Custom House Capital on 01 6325180.

Letter from Central Bank of Ireland