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 European offices , or set up fund ranges in neighbouring EU countries , to ensure they have a chance to sell funds to continental retail investors and wo n't be locked out of European markets . Another 25,000 work for related entities The scramble to draw up contingency plans is due to the requirement for investment companies to have a base in the EU to sell their funds to continental retail investors. Dublin and Luxembourg have both begun courting staff from London and while none of those mentioned have gone as far as to suggest shifting headquarters away from the City , the British Association has scheduled a special members ' meeting for this week to discuss the impact of Brexit on the industry .
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 European offices , or set up fund ranges in neighbouring EU countries , to ensure they have a chance to sell funds to continental retail investors and wo n't be locked out of European markets . Dublin and Luxembourg have both begun courting staff from London and while none of those mentioned have gone as far as to suggest shifting headquarters away from the City , the British Association has scheduled a special members ' meeting for this week to discuss the impact of Brexit on the industry .