Canadian financial services firm Manulife’s investment management business has opened a new office in Dublin, Ireland. The move is said to be a hedge against uncertainties triggered by Brexit.

Joining other offices in the region, the new branch will offer a centralised oversight for Manulife’s UCITS platform. It will tend to the firm’s clients in Europe, the Middle East and Africa, as well as Asia and the Americas.

Manulife Investment Management head of the US and Europe Andrew Arnott said: “Growing our European presence to meet the potential of the market continues to be a priority, and the establishment of our Dublin office will better serve the needs of our customers at a global scale.”

Angela Billick, appointed as the COO, will spearhead the new office. At the same time, she will retain her existing role as head of European investment product for Manulife Investment Management.

Billick, who has over two decades of financial sector expertise, will now manage a team of experts including investment officer and oversight manager Mary Cahill and financial controller Fergal McIntyre.

Billick noted: “We are pleased to expand our commitment to Ireland with an on-the-ground presence.

“This strategic location will enhance our ability to engage with our partners across multiple geographies. I look forward to collaborating with our dedicated global team to deliver our diverse investment solutions to investors.”

Recently, Smith & Williamson, Trium Capital, and HarbourVest Partners have also set up Dublin entities to prepare for Brexit.