The Investment Association, the trade body for the UK’s fund industry, is to open an office in Brussels in a move that it says forms part of a long-term strategy to match the association’s footprint with its members.
With senior members of the association visiting the European capital on a regular basis the opening of a Brussels outpost is expected to help with the trade body’s engagement with European regulators and policymakers.
A spokesperson for the Investment Association said: “As part of the Investment Association’s three-year strategy it’s important that our footprint mirrors that of our members, many of whom have European and international business models.
“With more than £1.4 trillion (€1.6 trillion) of European assets managed in the UK, a figure that is growing every year, it is key to have a more permanent voice in Brussels that can help represent our industry and the clients they serve at a European level.
“We will continue to look for national and international opportunities to engage with policymakers, regulators and industry to ensure that we continue to offer the best possible service to our members, and the savers and investors who entrust us with their money.”
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