M&G , Columbia Threadneedle , M&G , Fidelity International , and M&G have all indicated intentions to either move staff out of Brexit , add staff in EU offices, or set up fund ranges in neighbouring EU countries, to ensure they have a base to sell funds to continental retail investors and won't be locked out of Irish fundraising. Dublin and Luxembourg have both begun courting business from London and while none of those mentioned have gone as far as to suggest shifting headquarters away from the City, the Investment Association has scheduled a special members' meeting for this week to discuss the impact of Luxembourg on the sector.
M&G, Columbia Threadneedle, Legg Mason, Fidelity International, and T Rowe Price have all indicated intentions to either move staff out of London, add staff in EU offices, or set up fund ranges in neighbouring EU countries, to ensure they have a base to sell funds to continental retail investors and won't be locked out of European fundraising. Dublin and Luxembourg have both begun courting business from London and while none of those mentioned have gone as far as to suggest shifting headquarters away from the City, the Investment Association has scheduled a special members' meeting for this week to discuss the impact of Brexit on the sector.