The UK is no longer a member of the European Union (EU) but there are still a number of outcomes that may result from the Brexit process. We would like to reassure clients that we have assessed the impact of each of these, including the most extreme scenario, which is if no deal is reached with the EU – a ‘hard Brexit’. We are well positioned to provide continued service and support to our clients throughout this period.
We expect there to be market volatility should there be a hard Brexit at the end of December. It is worth noting that our investment strategies offer global diversification, so while further volatility is certainly possible, we are confident that our global investment approach is well positioned to offer attractive long term risk-adjusted returns.
While we do not expect any significant disruption to banking, payments or card services, even in the result of a hard Brexit, we continue to monitor the situation carefully.
Third party arrangements
Clearing banks. We utilise the services of the following UK clearing banks: Natwest (for sterling and euro) and Deutsche Bank (for US dollars).
Custodian. Our custodian is Citibank NA (London branch) for our UK office, and Citibank International Limited (Luxembourg branch) for Isle of Man and Jersey offices. We have received reassurances from our custodian that they do not expect any impact in the services that they provide to us, even in the scenario of a hard Brexit.
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Give us a call today on +44 (0)1624 645000 or please complete the requested information and one of our team will get back to you soon. We look forward to speaking with you.
Our office hours are weekdays from 8am to 8pm UK time, except for UK public holidays.
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