Brexit: Let's Wait And See

Derek Delaney, Managing Director of DMS Offshore Investment Services (Europe) Ltd. recently joined the debate about whether the United Kingdom will remain in the European Union as the UK prepares to vote on "Brexit" on June 23.

In an interview published in Finance Monthly (May 2016 issue), Mr. Delaney offers fresh perspectives on what it would mean for the European fund industry, and Irish funds in particular,

He notes that among business leaders in legal firms, administration companies, audit firms, etc., the view is that while Brexit would be an industry disruption, it would also create business opportunity.

"Among investment managers, we are seeing a split view. Managers see the disruption as an unwanted distraction. However, they generally see most challenges as deriving from EU regulation and hence feel that ultimately it may be best for them. In short, there is no panic, but a real wait-and-see approach," he states.