Asset managers are prepared for a hard Brexit, says chief of Aberdeen Standard Investments

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Asset managers are prepared for a hard Brexit, says chief of Aberdeen Standard Investments
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The prospect of the U.K. leaving without a deal in place, often referred to as a 'hard Brexit,' is seen as economically damaging by many.

— with or without a deal, according to the chairman of a major British investment firm.

"We've prepared for the hard Brexit, although we would prefer an easier Brexit," Martin Gilbert, chairman of Aberdeen Standard Investments, told CNBC's Amanda Drury at theIt has always been structured such that most companies had Luxembourg as their main operations in Europe, Gilbert said. "In the funds business, we always had Luxembourg and London, so, we really didn't have to change anything at all.

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