Trium Capital, a London-based asset manager, is set to launch a Dublin base in contingency planning for hard Brexit.

The plan is to launch ‘Super ManCo’ in Dublin, which will incorporate the firms’ UCITS and non-UCITS funds.

This is said to enhance the firm’s distribution capabilities and offer it an undisrupted access to European markets even after Brexit.

The move is awaiting regulatory approval.

The firm has started to make hiring for the new business, with plans to bolster the headcount in the region over time.

The new location will be headed by Andrew Collins, who is expected to relocate to Ireland this June.

Collins said: “Currently, a Memorandum of Understanding is in place between the European regulators and the FCA and this will allow us to continue to manage our funds from London.

“However, the Irish entity will have the necessary permissions to allow distribution to continue largely as it is today, in the event of any disruption.”

Dublin has emerged as a favoured destination among asset managers, who have been ramping up or building new presence in the market in preparation for Brexit-related uncertainties.

These firms include Legg Mason, Vanguard, Merian Global Investors, First State Investments, Ashmore, Baillie Gifford, and Legal & General Investment Management.

Earlier this year, Barclays obtained the regulatory approval to transfer €190bn of its UK assets to Dublin.