T. Rowe splits European business ahead of Brexit

Luxembourg to become head office for EU business

Beth Brearley
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T. Rowe splits European business
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T. Rowe splits European business

T. Rowe Price has begun the process of splitting its UK and Luxembourg operations with the latter set to become the head office for the firm's European business in time for the UK leaving the EU.

The move comes as investment firms action their Brexit contingency plans with a lack of clarity surrounding the UK fund management industry's Brexit transition putting the UK in a weak spot. Earlier...

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