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Managing Brexit

KPMG is helping organisations across the world respond to this unprecedented change as the UK prepares to leave the European Union.

Explore these pages to access expert analysis, opinion and guidance, so you not only mitigate the effects of Brexit but use it as a catalyst to reset your future.

Brexit relocation announcements

Where are companies relocating in Europe?

Click on a country to see the list of companies.

Click to show the list
Spain
5

Spain5

List of companies

  • Admiral Group Plc
  • Credit Suisse
  • Galileo satellite system
  • Morgan Stanley
  • Nomura Holding Inc.
Click to show the list
Belgium
9

Belgium 9

List of companies

  • Amlin Insurance Societas European (AISE)
  • Ebury
  • Euroclear
  • Lancashire Holdings Ltd.
  • Lloyd’sof London
  • Money Gram
  • Neon Underwriting Ltd.
  • Transferwise
  • QBE
Click to show the list
Germany
34

Germany 34

List of companies

  • Bank of Taiwan
  • Barclays
  • Bailie Gifford & Co.
  • Citigroup
  • Credit Suisse
  • Daiwa
  • DBRS Credit
  • Dentons
  • Deutsche Bank (Booking Center), Deutsche Bank (Euro clearing)
  • First Commercial Bank
  • Fitch
  • Ford Credit Europe Bank
  • Goldman Sachs
  • HSBC
  • IG Index
  • Ironshore
  • JP Morgan
  • Lloyd’s Bank
  • Markel
  • Mizuho Financial Group
  • Monese Ltd.
  • Morgan Stanley
  • Nomura
  • RBC Capital Markets
  • RBS
  • Standard Chartered
  • Stifel Niclaus Europe
  • Sumitomo Mitsui
  • TP Icap PLC
  • UBS
  • Union Investment
  • Wells Fargo
  • Westpac Banking Corp.
  • Woori Bank
Click to show the list
The Netherlands
36

The Netherlands 36

List of companies

  • Advent Claims
  • AMBest
  • BlackRock
  • Bloomberg
  • BMO Global Asset Management
  • Brokertec Europe Limtied (CME Group Inc./Nex Group)
  • CBA
  • CBOE
  • Chesnara
  • Commonwealth Bank of Australia
  • Credit Suisse
  • Diamond Biopharm
  • European Medicines Agency
  • Ferrovial
  • Hard Eight Trading
  • ING Groep
  • iSwap Ltd.
  • Jane Street
  • Jump Trading
  • Hitachi Capital UK
  • London Stock Exchange Group
  • Market Axess
  • Mitsubishi UFJ Financial Group Inc
  • Norinchukin
  • Panasonic
  • Quantlab
  • Radix Trading LLC
  • RBS
  • Sony
  • Steamship Mutual
  • Tower Research Capital
  • TP Icap PLC
  • Tradeweb
  • LSEG
  • UK P&I Club
  • Worldpay
Click to show the list
France
37

France 37

List of companies

  • Aquis Exchange
  • Arab Banking Corporation (ABC)
  • Bank of America
  • Barclays PLC
  • BlackRock
  • BNP Paribas SA
  • BrickVest
  • Centerview Partners
  • Chubb
  • Citigroup
  • Commerzbank
  • Credit Agricole CIB
  • Credit Suisse
  • Eleva Capital
  • European Banking Authority
  • Europe Arab Bank
  • Global Aerospace
  • GoCardless
  • Goldman Sachs
  • H2O Asset Management
  • HSBC
  • JPMorgan Chase & Co.
  • LCH
  • Mitsubishi UFJ Financial Group Inc.
  • Morgan Stanley
  • National Bank of Kuwait
  • Nomura
  • Park Square Capital LLP
  • Petricca & Co Capital
  • Portman Insurance (AXA Insurance)
  • Polar Capital
  • Scor SE
  • Smart Lenders Asset Management
  • Société Générale
  • TP ICAP
  • Wells Fargo
  • XTX Markets
Click to show the list
Luxembourg
73

Luxembourg 73

List of companies

  • Airbnb
  • 3i
  • Aberdeen Standard Investments
  • Advent International
  • Aermont Capital management
  • AIG
  • Aioi Nissay Dowa Insurance
  • Alipay
  • Alliance Bernstein
  • Ares Asset Management
  • Artemis Investment Management
  • Ashurst
  • Aviva Investors
  • BC Partners
  • Bitstamp
  • Blackstone
  • BNY Mellon
  • Britannia
  • Capital Group
  • Carlyle
  • China Everbright Bank
  • Citibank
  • CNA Hardy
  • Columbia Threadneedle
  • Credit Suisse
  • Crux
  • EQT Partners
  • Factory Mutual Insurance Co.
  • Fidelity
  • FM Global
  • Franklin Templeton
  • Hiscox
  • ICG (Intermediate Capital Group)
  • Inmarsat
  • Investec
  • Invesco
  • Ipes
  • Janus Henderson Investors
  • JP Morgan
  • Julius Bär Gruppe AG
  • Jupiter Asset Management
  • Langham Hall
  • LendInvest
  • Liberty Specialty Markets
  • Lloyd’s Bank
  • Lombard Odier Asset Management
  • M&G Investments
  • Macquarie Group
  • Method Asset Management
  • MFS Investment Management
  • MJ Hudson
  • Northern Trust
  • Oversea-Chinese Banking Corp. (OCBC) Bank of Singapore
  • Partners Group
  • Ppro Group
  • Prudential
  • Rathbones
  • RSA
  • RSM
  • Satispay
  • Saxo Payments Banking Circle
  • Schroders
  • Scottish Widows
  • SCM Direct
  • Sompo
  • Swissquote Group
  • Swiss Re
  • Thalassa Holdings
  • Tokio Marine Group
  • T. Rowe Price
  • UBS Asset Management (AM)
  • USAA
  • Wells Fargo
Click to show the list
Ireland
79

Ireland 79

List of companies

  • Aberdeen Standard Investments
  • Advanced Discovery Inc.
  • AllianceBernstein Holding LP
  • Aon
  • Ashmore Group
  • Arch Insurance
  • Aspen Insurance
  • Aviva
  • Azimo
  • Baillie Gifford
  • Bank of America
  • Bank of Montreal
  • Barclays
  • Baring Asset Management
  • Beazly
  • Berkshire Hathaway
  • BNY Mellon
  • BRE Global
  • Bupa
  • Chaucer P.L.C.
  • Circle
  • Citigroup Inc.
  • Coinbase
  • Commonwealth Bank of Australia
  • DLA Piper
  • DTCC
  • Eaton Vance
  • Euroclear
  • EquiLend
  • Equitable Life Assurance Societa
  • Everest Re
  • Fidelis
  • Fieldfisher
  • First State Investments
  • Goldman Sachs AM
  • HarbourVest Partners
  • Hermes Investment Management
  • HSBC Holdings PLC
  • Hudson River Trading
  • IDEX
  • Impax Asset Management
  • Insight Investment Management
  • Investec PLC
  • Ipes
  • JP Morgan
  • Kroll Bond Rating Agency
  • LGIM
  • Legal & General Group PLC
  • Legg Mason
  • Liquidnet
  • Macquarie Bank
  • Man Group
  • Manulife
  • Marex Spectron
  • Marshall Wace
  • Merian Global Investors
  • Morgan Stanley Investment Management
  • Neon Underwriting Ltd
  • North P&I
  • North of England Protecting & Indemnity Association Ltd.
  • Optal
  • Pantheon
  • Prepaid Financial Services (PFS)
  • Principal Global Investors
  • Prudential PLC
  • Revolut
  • Royal London
  • Somerset Capital Management
  • S&P Global
  • Standard Club
  • Starling Bank
  • State Street Global Advisors
  • Thompson Reuters Corp.
  • Toronto Dominion Bank Securities Unit
  • Travelers
  • Trium Capital
  • Winton Capital
  • Wisdom Tree
  • XL Insurance

Data compiled on 19/10/2020

The information contained herein is of a general nature and is obtained from media and publically available sources (financial institutions’ publications included). Although we endeavour to provide accurate and timely information by updating the statistics regularly and modifying the interactive map at least once a month, there can be no guarantee that the information is accurate as of the date it is received or that it will continue to be accurate in the future. Details around companies’ Brexit contingency plans are not openly communicated and some information in the press is incomplete, therefore no one should act on such information without seeking appropriate professional advice.

Voices of Brexit

Discover more perspectives on Brexit from Luxembourg-based businesses

Uncertainty is mounting and businesses are bracing themselves for an unknown impact. Whatever the outcome may be, we can guide you on your post-Brexit journey.

Christophe Diricks, Head of Brexit at KPMG Luxembourg

Stay informed

Sign up to our Brexit newsletter here to keep up to date with the latest trends and insights

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Brexit Insights

Each section below connects you to practical suggestions based on KPMG subject matter and perspectives of industry experts. Read our latest selection of insights by expanding the categories of most interest to you.

Impact on sectors

Illustration

Brexit impact on insurance

Brexit affects both UK insurers writing EEA business ("outbound insurers") and non-UK insurers writing a portion of UK business ("inbound Insurers").

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Illustration

Brexit impact on banking

Financial institutions are likely to face considerable uncertainty, complexity, and cost as the UK regulatory regime adjusts to a post-Brexit world.

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Illustration

Brexit impact on asset management and AIFs/AIFMs

The industry is potentially facing the single biggest impact on cross-border financial services in a generation.

Read more
Leaf

New Luxembourg law protects fund sector from Brexit

The Chamber of Deputies passed a law that grants investment funds a one-year delay in which to solve breaches of investment rules and EU passporting issues that would result from a “hard” or “no-deal” Brexit.

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Money

Brexit impact on Luxembourg direct tax

Read more
Cargo Ship

Brexit impact from a Luxembourg Global Mobility Services (GMS) perspective

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Shopping Cart

Brexit impact from a Luxembourg Value-Added Tax (VAT) perspective

Read more

Is a deal in sight again?

Finally, some good news — talks resumed in London this Thursday and are now scheduled to last until mid-November.

Read more

EU to extend access to London clearing houses

The European Commission is proposing an 18-month extension on the rules that give EU banks access to UK-based clearing houses.

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Asset management: UCITS and AIFM directives will no longer apply to the UK after transition period, says European Commission

The European Commission has confirmed that EU rules in the field of asset management will no longer apply to the UK when the transition period ends on 31 December 2020.

Read more

Beyond Brexit Day: what to expect as of 1 February 2020

The United Kingdom (UK) will leave the European Union (EU) on 31 January 2020 at 11:00pm, entering a transition period that is due to last until 31 December 2020.

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The CSSF extends its mandatory notification deadline in the context of Brexit

The Luxembourgish financial regulator has extended its mandatory notification window for UK undertakings for collective investment...

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Brexit “flextension”: EU and UK have accepted a Brexit extension until 31 January 2020

EU member states have approved another Brexit extension until the end of January 2020. However, this time it’s with the possibility for the UK to leave the EU earlier...

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Lock between UK and EU

What does Brexit mean for personal data under GDPR

As the uncertainty around Brexit continues, questions remain about the future of personal data. What precautions must be taken before sending data to the UK?

Read more
Train fog

Brexit: turning Luxembourg remuneration rumours into facts

For companies considering relocating to the EU, local remuneration practices are, naturally, an important factor. Luxembourg is well-known for offering highly flexible remuneration packages. But what exactly does the term remuneration package entail?

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Tea bag

Brexit: turning employment legislation rumours into facts

Following our first article about the employee lifecycle in Luxembourg, this article will dive into the specificities of Luxembourg’s employment legislation.

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Luxembourg City

Luxembourg’s employee lifecycle: separating rumours from facts for post-Brexit workers

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iPad

The Brexit Column: Dates for your 2019 diary

As Brexit moves within sight, Mark Essex helps pin down key dates over the next 77 days and what you need to do now to be ready right after the UK’s departure.

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Passport

The Brexit Column: Despite uncertainty, it’s time to speak up

When the politics is uncertain as the weather, the temptation is to keep quiet. Joe Cassidy argues now is precisely the time to do the opposite.

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Illustration

The Brexit Column: Is this the solution to Brexit?

The tools used by M&A dealmakers could offer a key to end the UK-EU deadlock. Mark Essex and Jan Crosby present a new idea, ‘The Midnight Compromise’.

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Building

KPMG Brexit FTSE indices: 2017 performance and outlook for 2018

See what effect Brexit has had on the stock market. Every month, KPMG’s bespoke FTSE indices measure investors’ real appetite for UK stocks in the wake of the Brexit vote.

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Gears

Rethink manufacturing: A UK strategy for Industry 4.0

Research among UK manufacturers uncovers their highest priorities for a long-term and coherent industrial strategy.

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Boat

UK Economic Outlook September 2018

Moderate, occasionally rough. Visibility poor. With Brexit just months away, is the British economy on the verge of an unprecedented peacetime shock?

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The future shape of UK financial services regulation

The future shape of UK financial services regulation

What will UK financial services regulation look like post-Brexit? Will it be a rule-taker or a rule-maker?

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Illustration

Managing your customers’ expectations after Brexit

Brand loyalty is all about careful expectations management. That could be crucial after Brexit, says Paul Martin, UK Head of Retail.

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Climber

Managing Brexit: risk and opportunity

The clock is ticking, but how can you as a business leader prepare for Brexit while so much uncertainty hangs in the air?

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