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April 16, 2019

Liquidnet establishes EU base in Dublin over Brexit fear

Institutional investment network Liquidnet has set up a Dublin entity to prepare for Brexit.

Dubbed Liquidnet EU, the new entity will serve as a MiFID II investment firm as well as MTF operator.

It will be located in the Dublin’s International Financial Services Centre and regulated by the Irish central bank.

Liquidnet EMEA COO Simon Ormrod said: “It is vital that we continue to provide services to all our European clients, which include some of the world’s biggest institutional investors following Brexit.

“Establishing our presence in Dublin ensures that our EU-based operations continue to give our clients global access to the same unique liquidity, innovation, and execution ecosystem that we currently offer from the UK.”

According to Ormrod, the choice of Dublin was based on the city’s “regulatory environment and highly skilled workforce”.

Established in 1999, Liquidnet currently covers 46 markets.

The network includes over 1,000 institutional investors, who oversee $33 trillion in assets.

In the past two months, other investment firms have set up operations in Dublin to prepare for Brexit. These include Smith & Williamson, HarbourVest Partners and Trium Capital in March.


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