British financial services group Smith & Williamson (S&W) has opened its European hub in Dublin to prepare for hard Brexit.

Dubbed Smith & Williamson Investment Management (Europe), the new entity is regulated by the Irish central bank.

It will serve as the operating vehicle for the firm’s European activities.

Cedric Cruess Callaghan has been made the CEO of the Irish entity.

Chris Johns, ex-Bank of Ireland Asset Management chief, will be its non-executive chairman.

Fiona Ross, currently CIE Group chairman, has been appointed as a non-executive director.

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By GlobalData

S&W offers investment management, pensions advisory and personal insolvency, among other services.

The firm first entered Ireland in 2008.

Last year, the firm doubled the size of its Irish business through its merger with accountancy firm LHM Casey McGrath.

Callaghan said: “This is a significant step for our business, recognising the importance of our Irish operations and underlining that the protection of the interests of our existing Irish clients in a post-Brexit world is our prime focus.”

Several firms have flocked to Dublin in the recent times to ensure uninterrupted access to EU markets in the event of no-deal Brexit.

Last week, Trium Capital unveiled plans for a Dublin base while HarbourVest Partners established an office in Dublin.