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SURVEY: 82% of investors think more firms will set up in Europe because of Brexit





LONDON — More than four out of five institutional investors believe more UK-based financial firms will establish subsidiaries in the European Union due to Brexit, according to a survey.

A study by asset managers Managing Partners Group found that 73% think Brexit will be hard, leading to the UK exiting the single market and losing the financial passport.

Just under half (44%) of the 51 investors surveyed believed that UK asset managers will get a special waiver to passport their funds into the EU after Brexit, around 30% believe this will not happen.

Jeremy Leach, CEO of MPG, said: “Although a sizeable minority read more >>>

Source:: BusinessInsider.Com

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