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New office for fund manager

Baillie Gifford joins post-Brexit switch to Dublin

Andrew Telfer Baillie GiffordInvestment manager Baillie Gifford will open an office in Dublin to handle its European clients once Britain leaves the EU.

The Edinburgh firm’s decision follows other investment and financial services firms announcing they will set up operations outside the UK.

A number have chosen the Irish capital, including Standard Life Aberdeen and Legal & General Investment Management.

BlackRock is basing alternative investment services in Paris while Lloyds Banking Group is believed to be looking to relocate some businesses.

Baillie Gifford joint senior partner Andrew Telfer (pictured) said: “Baillie Gifford has 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, with the relevant regulatory and business licences.”

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