Vanguard to open office in Ireland next year

Office will open in Q1 2019

Tom Eckett
clock • 1 min read

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...

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