London: Asset management company Northern Trust will set up a European Union banking base in Luxembourg following Britain’s decision last year to leave the bloc, the body promoting the Grand Duchy as a financial centre said on Wednesday. The 100-year old Chicago-based bank services asset managers and has operations in London’s Canary Wharf financial district. A base in Luxembourg will allow Northern Trust to continue serving customers across the bloc, irrespective of what sort of financial services trading terms Britain negotiates with the EU.
Northern Trust to set up EU bank in Luxembourg ahead of Brexit
The 100-year old Chicago-based bank services asset managers and has operations in London’s Canary Wharf financial district