Brexit-proof: Capital Group's Spanish branch to operate now under Luxembourg license

Eugenia Jiménez
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Brexit-proof: Capital Group's Spanish branch to operate now under Luxembourg license

US-headquartered Capital group is Brexit-proofing its operations as the deadline for the UK to leave the EU looms. The Spanish office that has been operating so far under a British license will now fall under the Luxembourg umbrella in a bid to avoid market constraints in the event of a no-deal exit. The move mainly involves some legal adjustments rather than substantial changes in the day-to-day manager's operations, as its team will remain as it is structured now and its funds will co...

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