Among those are Amundi, Legal and General Investment Management and Pimco.A financial centre ( financial center in American English) or financial hub is a location with a concentration of participants in banking, asset management, insurance or financial markets with venues and supporting services for these activities to take place. However, larger asset managers, who tend to prefer the City to Mayfair have actually increased their London headcount since the 2016 referendum. Should that happen, then UK hedge funds and asset managers would have to base more of their staff and operations inside the EU. EU regulators have called for toughening rules that allow asset managers to run an EU-based fund from outside the bloc. And many prominent managers, such as Crispin Odey, Paul Marshall and Michael Farmer, were vocal proponents of Brexit. Mayfair remains the heart of the European hedge fund industry. Receive alerts when a new part of this series is published by adding London fights for its future to myFT London’s markets rivalry with EU intensifiesĬan the UK stock market get its mojo back?ĭublin-on-Thames? City leaders debate the post-Brexit future How London’s reach will shrink after Brexitįinance jobs stayed in London after Brexit vote In a series of articles, the FT examines how London's financial centre will fare in the decades ahead as Brexit negotiations reach their climax.
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