The group the French Asset Management Association ( AFG ) is in talks with 30 - 50 asset managers that are considering setting up new offices in Paris to retain access to the European Union after Brexit , according to Jean - Pierre Lauren , international ambassador for AFG . Laurens said companies in France may have to relocate 5,000 - 10,000 to Europe after the UK joins 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 “There is a realization from the UK and U.S. firms that the Brexit negotiations will be so constrained that they might not have access to the single market. May. He also said the regulator was offering fast - track approvals on regulatory licenses , significantly undercutting process times in Luxembourg and Ireland .
The group the French Asset Management Association ( AFG ) is in talks with 30 - 50 asset managers that are considering setting up new offices in Paris to retain access to the European Union after Brexit , according to Jean - Pierre Lauren , international ambassador for AFG . Laurens said companies in France may have to relocate 5,000 - 10,000 to Europe after the UK joins 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 May. He also said the regulator was offering fast - track approvals on regulatory licenses , significantly undercutting process times in Luxembourg and Ireland .