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Brexit or no Brexit, stock-picking is staying in London

Expect to see some admin jobs move to the EU after Brexit, but portfolio managers have to be close to the market, and the market is in London

By

Richard Saunders

The fear is that, after Brexit, the EU could prohibit the delegation of portfolio management to third countries
The fear is that, after Brexit, the EU could prohibit the delegation of portfolio management to third countries Photo: Stefan Rousseau/WPA Pool/Getty Images

British fund managers could be forgiven for being wary of French President Emmanuel Macron’s recent charm-offensive mission to these shores. After all, this is the man who wants to steal all of London’s investment business for Paris, isn’t it?

Well, the good news is, it’s not going to happen.

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