Managing Brexit - KPMG Luxembourg
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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
3

Spain3

List of companies

  • Admiral Group Plc
  • Credit Suisse
  • Galileo satellite system
Click to show the list
Belgium
7

Belgium 7

List of companies

  • Amlin Insurance Societas European (AISE)
  • Ebury
  • Euroclear
  • Lloyd’sof London
  • Money Gram
  • Transferwise
  • QBE
Click to show the list
Germany
28

Germany 28

List of companies

  • Bank of Taiwan
  • Barclays
  • 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
  • IG Index
  • JP Morgan
  • Lloyd’s Bank
  • Markel
  • Mizuho Financial Group
  • Morgan Stanley
  • Nomura
  • RBC Capital Markets
  • RBS
  • Standard Chartered
  • Stifel Niclaus Europe
  • Sumitomo Mitsui
  • UBS
  • Union Investment
  • Wells Fargo
  • Woori Bank
Click to show the list
France
29

France 29

List of companies

  • Aquis Exchange
  • Arab Banking Corporation (ABC)
  • Bank of America
  • BlackRock
  • 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
  • LCH
  • Morgan Stanley
  • National Bank of Kuwait
  • Nomura
  • Petricca & Co Capital
  • Portman Insurance (AXA Insurance)
  • Polar Capital
  • Smart Lenders Asset Management
  • Société Générale
  • TP ICAP
  • Wells Fargo
  • XTX Markets
Click to show the list
The Netherlands
30

The Netherlands 30

List of companies

  • Advent Claims
  • AMBest
  • BlackRock
  • Bloomberg
  • BMO Global Asset Management
  • Brokertec Europe Limtied (CME Group Inc./Nex Group)
  • CBA
  • CBOE
  • Credit Suisse
  • Diamond Biopharm
  • European Medicines Agency
  • Ferrovial
  • Hard Eight Trading
  • Jane Street
  • Jump Trading
  • Hitachi Capital UK
  • Market Axess
  • Mitsubishi UFJ Financial Group Inc
  • Norinchukin
  • Panasonic
  • Quantlab
  • Radix Trading LLC
  • RBS
  • Sony
  • Steamship Mutual
  • Tower Research Capital
  • Tradeweb
  • LSEG
  • UK P&I Club
  • Worldpay
Click to show the list
Ireland
63

Ireland 63

List of companies

  • Aberdeen Standard Investments
  • Advanced Discovery Inc.
  • AllianceBernstein Holding LP
  • Ashmore Group
  • Arch Insurance
  • Aspen Insurance
  • Aviva
  • Azimo
  • Baillie Gifford
  • Bank of America
  • Bank of Montreal
  • Barclays
  • Baring Asset Management
  • Beazly
  • Berkshire Hathaway
  • BRE Global
  • Bupa
  • Chaucer P.L.C.
  • Circle
  • Coinbase
  • DLA Piper
  • DTCC
  • Euroclear
  • EquiLend
  • Everest Re
  • Fidelis
  • Fieldfisher
  • First State Investments
  • Goldman Sachs AM
  • HarbourVest Partners
  • Hermes Investment Management
  • Hudson River Trading
  • IDEX
  • Impax Asset Management
  • Insight Investment Management
  • Ipes
  • JP Morgan
  • Kroll Bond Rating Agency
  • LGIM
  • Legg Mason
  • Liquidnet
  • Macquarie Bank
  • Marex Spectron
  • Marshall Wace
  • Merian Global Investors
  • Morgan Stanley Investment Management
  • North P&I
  • Optal
  • Pantheon
  • Prepaid Financial Services (PFS)
  • Principal Global Investors
  • 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
  • XL Insurance
Click to show the list
Luxembourg
66

Luxembourg 66

List of companies

  • 3i
  • Aberdeen Standard Investments
  • Advent International
  • Aermont Capital management
  • AIG
  • Aioi Nissay Dowa Insurance
  • Alipay
  • Ares Asset Management
  • Artemis Investment Management
  • Ashurst
  • Aviva Investors
  • BC Partners
  • Blackstone
  • Britannia
  • Capital Group
  • Carlyle
  • China Everbright Bank
  • Citibank
  • CNA Hardy
  • Columbia Threadneedle
  • Credit Suisse
  • Crux
  • EQT Partners
  • Fidelity
  • FM Global
  • Hiscox
  • ICG (Intermediate Capital Group)
  • Inmarsat
  • Investec
  • Ipes
  • Janus Henderson Investors
  • JP Morgan
  • 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
  • Revolut
  • 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

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.

Brexit newsletter

To help you through Brexit uncertainties, we have compiled concrete news and expert insights on this page. Keep reading for the latest information, including which financial companies have announced relocation, potential Brexit effects by sector, key points of vulnerability in Brexit strategies, and lots more.

Read more

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

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

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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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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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.

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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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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?

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

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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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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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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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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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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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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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Preparing for regulation after Brexit

Preparing for regulation after Brexit

Planning for the outcome for financial services under Brexit.

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Brexit FS – global landing page

Brexit Temporary Permissions Regime

What it means for financial services.

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Shock therapy: Can UK life sciences bounce back from Brexit?

Chris Stirling, Global Chair of KPMG Life Sciences, argues that UK pharma should aspire to the Swiss position.

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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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Brexit: Implications for leisure and hospitality

Buoyed by tourist dollars.

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CxO Evolution - Business after Brexit

It's less than a year until the UK leaves the EU. How are businesses preparing? We discuss planning priorities with a number of senior leaders from organisations across the UK.

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International Brexit Boardroom Series – London event

Resetting for the future: A window into the global Brexit conversation.

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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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Spring Statement 2018 VAT reform unlikely until after Brexit – KPMG

Find out what Simon Shaw, Partner and Head of Indirect Tax at KPMG in the UK had to say.

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KPMG comments on the Prime Minister’s Brexit speech

Traders of goods will give Theresa May’s speech a cautious welcome.

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UK business wants legal certainty on transition more than ambitious Brexit deal

1 in 5 firms unable to operate as usual in 2019 if no transition deal agreed.

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