What does Brext mean for Asset Managers?
In order to offer a distribution solution to our clients post Brexit, Laven has partnered with Luxembourg Asset Manager Fuchs Asset Management which has AIFM, MiFID & UCITS permissions. Fuchs has offices in Luxembourg, Belgium and Switzerland.
• Brexit marks a regulatory turning point.
• As a consequence, UK Firms will no longer be able to market products into Europe and vice versa under the existing regulatory framework.
Laven’s Luxembourg firm Lumen Distribution has been created to benefit UK firms who do not have an independent entity in the EU.