Anglo Irish Bank, the specialist corporate lender, is setting up a private bank in the UK targeting high net worth investors with at least $5 million (€3.6 million) in investable assets. The bank, which already has a presence in UK business lending, hopes to replicate the success of its Irish private banking operation which offers investors access to structured property deals, private equity deals and other alternative investments. David Murray, managing director of private banking at Anglo Irish in the UK, told the Financial Times the bank's aim was to use deals to target customers who wanted to invest a slice of their wealth - rather than compete with other private banks to manage their entire wealth. Anglo Irish launched its private banking business in Ireland in 1998 and also has private banking offices in Vienna and Geneva. In Febuary, it opened a Jersey branch for non-bank financial intermediary clients, specifically targeting the trust and fund management sector. In January, Anglo Irish sold its Isle of Man trust company to its management for £35 million.