UK's Smith & Williamson boosts presence in Ireland
UK financial services group Smith & Williamson is expanding its presence in Ireland, confirming its Dublin office as the hub for its European activities as Brexit nears.
The firm, which already employs more than 70 people in Dublin, said its new Smith & Williamson Investment Management (Europe) vehicle will act as its European operations office.
The firm provides client investment management, tax advice and funds administration. It had confirmed last year that it intended to apply to the Central Bank for a second Markets in Financial Instruments Directive (MiFID) authorisation as it faced the prospect of the UK leaving the European Union.
As part of the latest move, Smith & Williamson has appointed Chris Johns as the first non-executive chairman of S&W Europe.
In December, Smith & Williamson said it was delaying a planned stock market flotation, probably until 2020. The group has funds under management and advice of about £20.1bn (€23.3bn).