Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

21402

Heritage positions to navigate unchartered waters following Brexit

RELATED TOPICS​

Following the UK’s referendum result in favour of leaving the EU, Heritage Financial Services says it is in a strong position to navigate the unchartered waters ahead.

With offices in the UK, Guernsey and Malta, Heritage is well positioned to continue to service European and non-European clients and it should be a case of business as usual.
 
Whilst it is too early to predict how the relationship between the UK and the EU will be redefined, Guernsey’s own relationship with the UK remains unchanged. Guernsey is and will continue to be outside the EU and third country provisions in relation to financial services will remain unchanged. Inevitably there will continue to be a period of uncertainty until Article 50 is triggered and the negotiations conclude.
 
Mark Huntley, CEO of Heritage Financial Services Group, says: “Whilst it is still early days, we have to wait and see how the UK’s exit from the EU plays itself out. Heritage continues to have a strong foothold in the EU with our office in Malta, which before the referendum was already benefitting from a rapidly growing funds industry and a robust but pragmatic regulatory environment.
 
“We have carried out a careful evaluation of our business since the Brexit vote was announced. We believe alternative funds in the sectors where we operate could benefit in the current environment as the demand for yield, the effects of a weaker sterling and market corrections can present interesting investment opportunities for our client groups and for private clients investing from outside the UK. We continue to see particular interest in launches and secondary raisings in private equity, credit, infrastructure and renewable funds. Heritage will continue to work closely with clients to provide guidance and assistance as required to maximise opportunities during this period of change.”

Latest News

DWS has announced the latest development in its strategic growth push in Alternative Credit with..
According to the latest ESG data from PwC Luxembourg finds that investment flows towards EU..
Solactive and private equity data provider CEPRES have established a new partnership for to introduce..

Related Articles

Pension funds
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next decade, industry research reveals...
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next..
Tim Crawmer, Payden & Rygel
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also, given that equities had a strong year last year, big funds have taken some chips off the table in equities and put them into fixed income...
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also,..
Lady justice
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI) strategies received glowing commendations from the Bank of England in its March report...
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI)..
Pension funds
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are coming together to instigate a new industry coalition...
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by