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 .
Lobbying 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-Louis Laurens, international ambassador for AFG. Laurens said companies in London may have to relocate 5,000-10,000 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 May. He also said the regulator was offering fast-track approvals on regulatory licenses, significantly undercutting process times in Luxembourg and Ireland.