Columbia Threadneedle commits to London as asset managers plan Brexit discussions

 
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The Investment Association is holding a meeting on Tuesday with members as part of its "ongoing programme of engagement" after Brexit (Source: Getty)

Fund manager Columbia Threadneedle has committed to keeping its European headquarters in London after Brexit.

The company confirmed it has “begun the process of applying to expand the scope of our Luxembourg-based management company to enable us to establish an asset management presence in the EU”.

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But a spokesperson added: “We will not be moving our EMEA headquarters from London and the vast majority of our employees can expect to remain where they are currently located.”

The commitment to London from Columbia Threadneedle comes at a time when several asset managers are being linked with staff and fund movements away from the UK.

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The Investment Association is holding a meeting tomorrow to discuss the impact of Brexit with its asset manager members.

The body said it was part of an “ongoing programme of engagement” around the referendum and said it was not “a response to any perceived ‘retreat’ by our members out of London”.