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The global fund manager is considering a move to continental Europe as the uncertainty continues.
The global fund services group has acquired Luxembourg Fund Partners to set up in the country as a manager.
The UK is unlikely to be approved for a marketing passport in time for a 2019 exit from the EU.
The fund services firm has purchased Deutsche Bank’s fund administration arm.
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The management and fund services firm says EU fund marketing should be easy to navigate if the UK leaves the single market.
The European securities regulator said investors had been targeted by emails that used its logo and identity.
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Consolidation in the fund administration market continues apace with the company’s acquisition of R&H Fund Services.
The UK negotiating team lacks the necessary understanding of the industry to broker a workable deal for asset managers, according to global sponsors.
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A hung parliament may mean more uncertainty in the short term, but opens up the possibility of a favourable deal for the financial sector.
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Dealmakers, fundraisers and industry representatives agree that Europe’s largest private equity market needs a clear path forward.