Schroders says it is well prepared for post-Brexit future
Schroders today posted an update regarding its services following the end of the transition period. The company says it is well prepared for Brexit, whether that results in the UK leaving the European Union (EU) with or without a trade deal following the end of the transition period.
The company notes that its business is structured to ensure that it may continue to manage its clients’ assets regardless of their geographic location.
Schroders has a longstanding presence in continental Europe, with over 850 employees across 15 offices. The company will count on Luxembourg to continue to offer its services across the EU.
“We have obtained additional investment management permissions in Luxembourg to ensure that we can continue to offer the full range of investment services to all our EU27 clients”, Schroders says.
The company notes that it has extensive substance and portfolio management oversight experience in Luxembourg to enable Schroders to delegate portfolio management in its Luxembourg fund range and EU client mandates to its investment centres across the world.
Schroders has registered its Luxembourg fund ranges under the UK Financial Conduct Authority’s temporary permissions regime to allow EU27 based funds to continue to be offered to clients based in the UK in the event of a no-deal Brexit.