Despite Brexit's negative outlook dominating most newspapers' front pages, a recent survey, carried out by State Street Brexometer in the fourth quarter of 2018, of 100 institutional and alternative investors, found that almost a quarter of the investors believe that more European fund managers will open offices in the UK. A total of 22 per cent also expect more Asian and US fund managers will do the same.

Brian Allis, head of State Street global services’ EMEA product team, said: “Our research suggests that, despite the headwinds and complexity that Brexit is causing, the UK is still a hub for a tremendous amount of investment management expertise, and an attractive centre for fund management activity in Europe."

Howard Kennedy LLP has had a busy year in 2018 with instructions in capital market transactions including venture capital trust fundraising, standard listing, AIM listing and mergers and acquisitions. We are proactively involved in Brexit-related legal updates and we closely monitor the legislative and sector news in the event of a no-deal exit from the European Union. The capital market team is well placed to advise its clients in the months of uncertainties to come.