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Report: Standard Life mulls turning Dublin branch into post-Brexit EU base

Standard Life Plc is considering establishing its EU base in Dublin after Britain leaves the bloc, The Irish Times reported April 6.

A spokesman for the Edinburgh group reportedly said it is looking at the Irish capital among other potential locations for its post-Brexit EU base. Setting up the EU base in Ireland would involve turning Standard Life's existing Dublin operation, which is currently run as a branch, into a fully fledged unit under the supervision of the Central Bank of Ireland, according to the newspaper.

Standard Life is merging with Aberdeen Asset Management Plc.

Separately, RSA Insurance Group Plc reportedly decided against setting up its post-Brexit EU base in Ireland, where unit RSA Insurance Ireland DAC. remains under investigation by regulators for alleged financial irregularities.