EDINBURGH-based Baillie Gifford has said it will open an office in Dublin after spending time ahead of the UK’s planned exit from the EU in March to consider options to support continued expansion in Europe.
The fund manager’s joint senior partner, Andrew Telfer, said the firm is committed to servicing its existing EU-based clients, as well as expanding further.
Baillie Gifford said it had decided to establish a European office in the form of a new EU subsidiary company domiciled in Dublin, subject to authorisation from the Central Bank of Ireland. It added that no further information would be forthcoming until such time as the bank grants authorisation.
Standard Life Aberdeen’s investment arm announced in February it was setting up a Dublin-based “business hub” to help ensure it maintained its position in the European market following Brexit.
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