Vanguard is set to open an office in Ireland in Q1 next year in an effort to meet its growing oversight and administration responsibilities with regards to Ireland-domiciled assets.
The world's second largest asset manager has received approval from the Central Bank of Ireland regarding a UCITS license. Vanguard has around $115bn assets under management (AUM) domiciled in Ireland across its UCITS fund range. Brexit Blog: Cox's legal advice warns UK could remain in customs backstop 'indefinitely' Sean Hagerty, head of Europe at Vanguard, stressed the move was part of the firm's plans to lower the "cost and complexity" of investing across Europe and the UK. Ireland has proven a popular place for fund managers looking to open offices on the continent amid cont...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
