Large asset managers expand EU staff – Brexit likely to erode London's status

While the UK will remain Europe's dominant investment hub, asset managers' EU headcount will gradually increase at the expense of London, believes Nicolas Mackel, chief executive of Luxembourg for Finance lobby group.

London. | Photo: Pexels: Andrés García.

Big asset managers have expanded their combined EU workforces by 38 percent over the past five years in response to the growth of the market, Brexit uncertainty and increased regulation, reports the

According to figures compiled by the Financial Times, ten of the world's biggest asset managers, including Amundi, Vanguard and Invesco, now employ almost 7,000 people in Europe, excluding the UK.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Further reading

Related articles

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch