An update from Schroders on Brexit

Schroders 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.

Schroders is well-positioned to manage any challenges that may arise as a result of Brexit. Our diversified business model and significant presence in the EU27 mean that we are well-placed to continue to service our clients and grow our business.

Our business is structured to ensure that we may continue to manage our clients’ assets regardless of their geographic location. Our focus has ensured that clients will receive a seamless service when the UK leaves the EU irrespective of the future trading relationship.

We have a longstanding presence in continental Europe, with over 850[1] employees across 15 offices. 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. We have extensive substance and portfolio management oversight experience in Luxembourg to enable Schroders to delegate portfolio management in our Luxembourg fund range and EU client mandates to our investment centres across the world.

We have registered our 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.

 

[1] actual headcount is 892 as at September 2020