AllianceBernstein looking to set up Dublin office

AllianceBernstein is looking to set up a broker-dealer operation in Dublin ahead of Brexit, chief executive Seth Bernstein said.

The New York-based asset manager is also investing in its European trading operation and continuing to expand in Asia, Mr Bernstein said on a call with analysts on Tuesday discussing quarterly results.

AllianceBernstein has more than $500 billion (€405bn) under management and already operates in 22 countries.

A host of financial firms have been building their presence in cities outside London, with banks including Morgan Stanley and Citigroup relocating some roles to offices in Dublin and Paris.

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Bank of America has called Dublin a "preferred location". – Bloomberg