Karen Morgan Thomas – Reaction to Brexit Speech

Reaction The Channel Group

A fairly robust and optimistic speech by Theresa May today nevertheless leaves the door ajar on the Customs Union. Stressing that certain sectors may require different arrangements, she did not drill down into any detail of how this might work.

Nothing defined then as yet for our Financial Services sector which is such an important contributor to our economy, but perhaps some light in the tunnel.

The Chancellor, Philip Hammond, provided a more stalwart stance this weekend. I assume that this provided a backdrop to her speech.”

She continued “London will continue to be the focus of global financial services and we will continue to attract the best talent in the world. Paris, Dublin, Frankfurt and – even – Malta, may wish to display their wares but they do not have the infrastructure nor the Capital Markets to vie with us. Our international, diverse and vibrant city will continue to attract the best in the world and a ‘clean’ Brexit, creating a ‘Global Britain’ will open up new sources of talent whom we will welcome.

Karen Morgan Thomas

Karen Morgan Thomas

Managing Partner at 33 St James's
Karen Morgan Thomas founded 33 St. James’s in 2003 and is Managing Partner. She is based in the United Kingdom and France where she leads Global Financial Services and the Sports Management Practices. Recognised as a leading international consultant in the Asset Management, Private Wealth and Sports Management sectors, Karen focuses on Search Assignments at Board and Senior levels.
Karen Morgan Thomas

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