What's Next For Post-Brexit Fund Management?

We now know the result of the UK's vote but none of us - the UK included - know what the consequences are or might be. We have seen market turmoil today but that may calm down in the short term, but the fallout from yesterday's Brexit vote will remain and it might prove to be a messy divorce. There may even be some immediate pressure from EU governments to accelerate the 2 year time frame for negotiation of the UK's exit given the impact on EU businesses, particularly exporters to the UK, who may be suffering from dramatic fluctuations in the Euro/Sterling exchange rate.

In the Asset Management and Investment Funds sector - one of our principal practice areas - the impact will very much depend on where one's target market is and what one's longer term objectives may be. Yes, it is true that we don't know the terms (let alone the outcome) of the exit negotiations but it would appear very strange to us if, having said all that it has, the UK would end up in the EEA.