All nine staff will be transferred, if the deal is approved by the regulators.
AIB say that hedge fund administration is no longer seen as a core group activity and therefore the bank has been seeking a suitable buyer to ensure the long-term interest of staff and clients.
Gary Clark, managing director of AIB Fund Administrators, said: ‘Over the last few years we have positioned our business to take advantage of what we believe will be a rapid growth in Jersey’s hedge fund sector.
We are truly delighted to be joining Mourant, which is a fantastic brand with great ambition.
