A bout of travel fever has hit Friends Ivory & Sime (FIS) and Amvescap which are revamping operations...
FIS is moving funds worth £1bn and associated staff from London up to Edinburgh as part of a realignment of its "fund management responsibilities".
The change is part of its streamlining of funds into three categories, reflecting the three major groupings of equities: large, medium and small caps.
The operations moving to Edinburgh will be focused on mid-cap stocks for FIS's equity portfolios, under the guidance of Rodger McNair, director and head of UK specialist funds.
Amvescap is moving its Invesco unit for offshore customers to Dublin in March to add to the 180 staff already there managing more than $8bn in funds.
Amvescap says it is attracted to Dublin due to the low corporate tax regime in place for some years now, although the company still needs regulatory approaval for the move.
Invesco may also be moving its treasury unit to Dublin, doubling its staff there during the course of the year.
The firm counts 85,000 offshore clients already, and is set on expanding its offshore business according to a spokeswoman.
"Adding the treasury unit and the admin for ofshore funds and [the number of people] could eventually double," she says.
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