Although there is currently much conjecture on if and how the UK will leave the European Union on 29 March, financial services have been busy readying operations by moving or setting up offices away from the UK.
Shortly after the referendum in June 2016, Columbia Threadneedle Investments and M&G were among the first to announce plans to set up office and/or transfer assets into Luxembourg-listed vehicles. These were followed by a stream of asset managers who targeted a number of other eurozone cities, such as Dublin or Paris, in anticipation of new legislation as a result of Brexit. Fidelity announced the relocation of a number of staff to its Dublin office and Aberdeen Standard Investments, Legg Mason, Vanguard, First State Investments and L&G Investment Management also said they would be estab...
To continue reading this article...
Join Investment Week for free
- 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