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US asset manager looks to set up Dublin operation

  • Ireland
  • General


It has been reported that Principal Global Investors, the US-headquartered asset manager, is set to establish a Dublin operation ahead of the UK’s departure from the EU. The $674 billion multi-boutique fund manager 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 EU. Its European operations are currently run out of London.

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