Unquote: “Brexit one year on: Flight to Luxembourg?”

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Jérôme Wittamer
President of LPEA

«Many of these funds have been analysing the landscape for many years already, and some of them have had offices in Luxembourg for over a decade. Brexit just acted as a catalyst for them to position themselves in an environment of increasingly complex regulation where reducing the number of jurisdictions you are exposed to gives you a significant advantage either way. For those, what we’re talking about is rather a ‘consolidation’ or expansion, rather than creating a whole new structure or opening a new location, per se.»

23/06/2017, Unquote, by Alice Tchernookova

A year after the Brexit vote, political uncertainty and pressure for onshoring is leading some private equity players to consider Luxembourg as a potential new home. Alice Tchernookova assesses the extent to which a “flight to Luxembourg” is taking place in the private equity industry

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