T. Rowe Price banks on Luxembourg | #Brexit #EU #Europe | Luxembourg (Europe) | Scoop.it
From delano.lu - February 19, 2018 7:40 AM
American fund manager T. Rowe Price is to move its London operations to Luxembourg, according to UK daily the Financial Times.

The American firm, which manages some $1 trillion in assets, said the move of its European headquarters should be effective “by the summer”.

Reporting on Sunday, the newspaper said that the decision was taken last year and was justified by “what we know about Brexit at the moment, which is probably 25% of what we will know in a year,” according to Robert Higginbotham, head of global investment services at T. Rowe Price.

 

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