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Voices of Brexit

Perspectives on Brexit from Luxembourg-based businesses

“We did an in-depth assessment to cover everything; personnel, geography, governance, was the regulator familiar with insurance companies, how culturally acceptable was the country, was it viewed as neutral in Europe. Very quickly we came to the conclusion that Luxembourg would make a great home for us!”

Chris Johnson
CEO, FM Insurance Europe

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“Luxembourg locates in the center of Europe close to big markets like Germany, France and the Benelux. There are a lot of banks, asset managers, accounting, consulting and legal firms in Luxembourg and there is also no difficulty to do business in English here. These were our main reasons why we chose Luxembourg.”

Takashi Kurumisawa
Former Chief Executive Officer, Sompo International Insurance (Europe)

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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.

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“25 asset managers have announced their relocation of some of their activities such as portfolio management to Luxembourg. This shows that Luxembourg is a natural choice and we continue to welcome more people here.”

Chrystelle Veeckmans
Partner, KPMG Luxembourg

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“I think that Luxembourg, has not only due to Brexit but overall climbed the value chain from back office to middle office. We are really seeing a reshaping of the nature of activities that are being relocated to Luxembourg.”

Nicolas Mackel
CEO, Luxembourg for Finance

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