The firm now employs 9 staffers in the country, Jupiter said in a press release distributed on 2 September.

The company established Jupiter Asset Management International as “the management company of its Luxembourg domiciled Sicav funds, taking over from the company’s UK based management company” in advance of Brexit, to guarantee continued access to the EU market. The Luxembourg office also supports Jupiter operations in six other EU countries.

The head of its Luxembourg office, Maximilian Guenzl, stated in the media announcement: “Regardless of the outcome of the Brexit negotiations, Luxembourg and our newly established management company JAMI will continue to be strategically important for the group.”

Jupiter is listed on the London Stock Exchange and said it has £45.9bn of assets under management globally as of 30 June 2019. That includes £11bn in assets under management internationally in its Sicav range.