Brexit: to relocate or not to relocate
UK-based asset managers may have to shift operations to the EU 27 if a transition agreement is not agreed, and Esma is pushing hard to ensure regulatory convergence across the bloc regarding moves.
Brexit
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Have European and UK equities lost their lustre?
February was a dismal month for markets around the world and UK and European equities took a particular hammering. Have the asset classes lost their appeal?
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Aberdeen Standard Investments to set up Dublin hub
Global asset manager Aberdeen Standard Investments (ASI) is to establish an investment and distribution business in Ireland to complement its existing Luxembourg operation and shore up its European offering ahead of Brexit.
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Financial services must be part of EU/UK trade deal, says FCA
The EU recently proposed a single trade agreement with the US, so there is no reason it cannot have one with the UK post-Brexit, according to the chief executive of the UK’s Financial Conduct Authority (FCA).
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Goldman CEO hints at move to Frankfurt in dig at Brexit Britain
“Just left Frankfurt. Great meetings, great weather, really enjoyed it. Good, because I’ll be spending a lot more time there. #Brexit,” he said in only the 20th tweet ever sent from his Twitter account. This compares to the more than 36,000 tweets sent from Tweeter-in-chief Donald Trump’s account. Goldman Sachs Asset Management currently passports its…
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UK asset management to see post Brexit flight of EU nationals
The UK investment management industry is likely to lose many of its European professionals following Brexit, the results of a new survey have found.
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ANALYSIS: BoE short of options as Brexit bites
Consensus is the Bank of England will finally raise interest rates before the year is out after inflation hit a five-year high of 3% on Tuesday, but what happens next?
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UK sets up Brexit taskforce for asset management
More than 15 months after the Brexit vote, the UK government has finally decided to set up a taskforce to manage the impact of Brexit on the £8trn (€9trn) UK asset management business.
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OPINION: Uncertainty abounds for Brexit Britain
Britons stunned the world on the 23rd of June 2016 by voting to leave the European Union after 43 years of mostly troubled marriage. However, freedom comes at a price. Robeco’s chief economist Léon Cornelissen assesses the likely impact of Brexit on the UK economy.
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Europe’s fund industry facing dispersal as Brexit looms
Whatever the outcome of the Brexit process now under way, the shape of the asset management industry in Europe is set to change substantially, a report by the CFA Institute has found.
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EU warns regulators to prevent ‘letter box’ investment firms
A European watchdog has urged a crackdown on investment firms setting up ‘letter box’ entities across the continent in the wake of the Brexit vote.
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EU could force finance staff to move post-Brexit, JPM chief warns
The chairman and chief executive of global investment bank JP Morgan Jamie Dimon has warned it is decisions made in the European Union not in the UK that will determine if thousands more jobs move from London to other European centres in the wake of Brexit.