Brexit statement

Brexit and beyond

Rathbones has, in common with all major UK financial services businesses been planning for the end of the Brexit transition period which ended 31 December 2020.

We are pleased to note that as we expected, the impact of even a hard Brexit on Rathbones will be limited.

Rathbones is a UK business with no operations in other European countries except for Rathbone Funds Advisers acting as a tied agent to Carne Global Financial Service (Europe) which will remain unaffected by Brexit. 

We have sought legal opinion to support our own analysis to ensure that our ability to deliver Discretionary Management Services to client’s resident in the EU remains compliant.

We have contacted our EU resident clients directly where we have established there will be some change and reassured those where no change will be seen.

Brexit will not have any impact on how we hold client assets and the security of investments with Rathbones remains assured. We hold client investments through a combination of our own separate nominee companies (in the case of UK investments) and third-party custodians (in the case of non-UK investments). Our third-party custodians are global institutions ranking amongst the biggest banks in the world.  We hold cash balances within client portfolios on our own balance sheet, which has over £3.1bn of total assets (as at 30 June 2020). Notwithstanding the fallout of Covid-19, we remained profitable for the six months ended 30 June 2020 and we continue to hold regulatory capital well in excess of the levels required by our regulators to guard against unexpected events.

Naturally, we remain very focused on the implications of Brexit for the investments we manage. You can keep up to date with our latest views on the investment implications of Brexit, here.

To comply with the General Data Protection Regulation (2016/679) we have appointed a European representative. If you wish to contact them, their details are:

Bird & Bird GDPR Representative Services Ireland
Deloitte House
29 Earlsfort Terrace
Dublin 2
D02 AY28


Alternatively, you can contact us directly at