Asset Management

Principal Global plans Dublin outpost ahead of Brexit

The $445bn multi-boutique fund manager plans local hires rather than relocating staff from elsewhere

Principal Global plans Dublin outpost ahead of Brexit

Principal Global Investors, the US-headquartered asset manager, plans to build an on-the-ground presence in Dublin ahead of the UK's departure from the European Union.

The $445bn multi-boutique fund manger is in the process of applying to the Irish regulator for a licence under the updated Markets in Financial Instruments Directive to secure access to continental Europe once the UK leaves the bloc in 2019.

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