Vanguard snubs EU with plans to open its second UK office

[pellinore]

The world’s second-biggest fund manager has snubbed the EU with plans to open its second UK office, a move that will create 100 jobs.

Vanguard, which manages $7.5 trillion (£6 trillion) globally, is to announce plans for a new office in Manchester, according to City sources. The US fund manager will lease 14,000 square feet in the Landmark development in St Peter’s Square.

The move is expected to generate around 100 new jobs, increasing Vanguard’s footprint in the UK to 900 people. The company employs 20,000 people globally.

But on the Continent, Vanguard has a comparatively small footprint with just 200 members of staff.

Vanguard snubs EU with plans to open its second UK office (msn.com)

Edited March 26 by pellinore