Following the EU referendum in 2016, M&G acted to minimise disruption to our clients, protect their interests and provide certainty and clarity where we could, regardless of the outcome of the Brexit negotiations.
We have built a new international hub in Luxembourg: a fully licensed and operational business distributing traditional and alternative funds and servicing our investors in Europe, Asia and America.
We completed the migration of assets for most non-UK investors from our UK OEIC (Open-Ended Investment Company) range to our Luxembourg SICAV (Variable capital investment company) funds in March 2019. Since then, EU and international funds have been serviced through our Luxembourg hub, while UK OEIC funds continue to be serviced in London.
Our Alternative Investment Funds (AIFs) were already largely domiciled in either Luxembourg or Ireland. The operation of these will now be managed by our Luxembourg hub.