Post-Brexit Dublin hub for Aberdeen Standard Investments

The global asset manager, which already has a presence in Dublin, said yesterday that fewer than 20 jobs would be needed to service the new unit which will be one of its “key European hubs”.

Standard Life Aberdeen’s investment arm cuurently manages more than €70bn on behalf of customers and clients based in Europe.

“The Dublin-based hub will complement ASI’s Luxembourg operation which manages over 100 funds that are marketed across Europe and in many parts of Asia and the Americas,” ASI said in a statement.

The company’s current head of regional management across Europe, the Middle East and Africa, Victoria Brown, will head up the new entity, which will oversee investment management services in Europe and the company’s network of offices across the continent.

Ms Brown will work alongside Jennifer Richards who joined the group in 2004 to lead its Irish distribution team.

The Irish Government’s Minister for Business, Heather Humphreys, said: “This is a great win for Ireland as we seek to deepen and expand the range of financial services companies who are investing here. Ireland is now a major player and a very attractive location for financial services companies from all over the world.”