MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, October 13, 2017 Irish Funds Talks Brexit Uncertainty Irish Funds CEO Pat Lardner and company hosted industry players and MFWire at their New York Breakfast Seminar at the Harmonie Club on Friday. The morning event included a Brexit update from Ken Owens, a partner in the asset and wealth management group at PwC Ireland. Owens suggests a deal between the EU and UK must be reached by November 2018 in order to be approved by March 2019. He also suggests firms will start to relocate their UK-based businesses to elsewhere in Europe as early as March 2018 if they receive no other negotiation updates. Owens was followed by a MiFID II update given by Jason Poonoosamy, a Dublin-based risk director at DMS, and Colman O'Loghlen, a New York-based foreign associate at Dechert LLP. O'Loghlen warned us, "Winter is coming in New York like MiFID II is coming to Dublin." The second half of the morning included Irish Funds updates from: Kevin Murphy, head of the asset management and investment funds group at Dublin-based Arthur Cox; Dave Ray, a partner and general counsel at New York-based White Oak Global Advisors, LLC; and Mike Kirby, a managing principal at Dublin-based KB Associates. This Irish Funds update included an introduction to CP86, which is a 140-page guidance document issued by the Central Bank of Ireland and applies to Mancos, AIFMs, SMICs, and internally managed AIFs. The closing remarks were given by Tara Doyle, Irish Funds chairperson and Dublin-based partner Matheson. Premium corporate sponsors for Irish Funds are Brown Brothers Harriman, Matheson, Citi, Deloitte, IDA Ireland, State Street, RBC, PwC, and J.P.Morgan. Event sponsors are Maples, Northern Trust, and Dillon Eustace. Printed from: MFWire.com/story.asp?s=57141 Copyright 2017, InvestmentWires, Inc. All Rights Reserved |