Columbia Threadneedle to bolster Luxemborg ops ahead of Brexit

Added 30th June 2016

Columbia Threadneedle Investments is looking to beef up its presence in Luxembourg prior to the UK leaving the European Union.

Columbia Threadneedle to bolster Luxemborg ops ahead of Brexit

A spokesperson confirmed: “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.”

The company advised that it has no plans to move its head office out of London and the vast majority of employees will remain where they are currently located.

Established in Europe

“This would involve us having some fund managers based in Europe before the UK leaves the EU. We currently have investors in 12 locations globally, so we would expect this to be a smooth transition,” the spokesperson continued.

“We have a well-established European business and have focused significant product development on our Luxembourg-based Sicav over the past several years. We are therefore well placed to continue to serve our European clients.

“We will seek to replicate appropriate funds from our UK-based Oeic range within our Sicav platform. We have done this for a number of funds in the past and it is a relatively straightforward process.

“It’s important investors understand that they do not need to take any immediate action. Our priority is to provide clarity and certainty for our customers and to ensure any changes needed are taken care of with minimum disruption for them,” the spokesperson added. 

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Kirsten Hastings

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Kirsten is a senior reporter for International Adviser, covering global news stories about the financial services industry. She joined Last Word Media in October 2015 after two years working as a reporter covering the staffing and recruitment industry. Kirsten has a Masters in Financial Journalism from the University of Stirling. 



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