Asset managers lead the way with Brexit prep

Financial services look to set up offices away from the UK

Natalie Kenway
clock • 2 min read

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

Join now

 

Already an Investment Week
member?

Login

More on Investment

Aegon AM launches UK-domiciled global income fund

Aegon AM launches UK-domiciled global income fund

In response to client demand

clock 27 June 2025 • 1 min read
CCLA's Charlotte Ryland and Joe Hawkes: How to position for the end of the 90-day tariff pause

CCLA's Charlotte Ryland and Joe Hawkes: How to position for the end of the 90-day tariff pause

Focus on quality

Charlotte Ryland and Joe Hawkes
clock 26 June 2025 • 4 min read
Almost half of UK investors using social media for financial advice

Almost half of UK investors using social media for financial advice

Many sources 'unregulated and unverified’

Sorin Dojan
clock 23 June 2025 • 2 min read
Trustpilot