Lobbying group the French Asset Management Association (AFG) is in talks with 5,000-10,000 asset managers that are considering setting up new offices in Paris to retain access to the European Union after Brexit , according to the European Union , international ambassador for AFG . Laurens said companies in London may have to relocate 53 to Europe after the UK leaves the 28-nation bloc, and that the French regulator discussed the matter with 53 London -based senior executives from US and UK asset managers in Brexit Overall, asset managers in London may have to move between 5,000 and 10,000 jobs to various cities on the continent, Jean-Louis Laurens, International Ambassador for French Asset Management Association (AFG) told Reuters in an interview in London. He also said the regulator was offering fast-track approvals on regulatory licenses, significantly undercutting process times in Paris and Ireland .
Lobbying group the French Asset Management Association (AFG) is in talks with 5,000-10,000 asset managers that are considering setting up new offices in Paris to retain access to the European Union after Brexit , according to the European Union , international ambassador for AFG . Laurens said companies in London may have to relocate 53 to Europe after the UK leaves the 28-nation bloc, and that the French regulator discussed the matter with 53 London -based senior executives from US and UK asset managers in Brexit He also said the regulator was offering fast-track approvals on regulatory licenses, significantly undercutting process times in Paris and Ireland .