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. A spokesperson, who reiterated that the investment company had no plans to relocate its London headquarters, said: “We have begun the process of applying to expand the scope of our Luxembourg-based management company to enable us to establish an asset management presence in the EU.” 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 , 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.