Euronext’s CEO Sees Diminished Role for London After Brexit
- Boujnah says investors are looking for new European gateway
- Brexit ‘Pandora’s box’ could make Paris new clearing hub: CEO
The City of London.
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The U.K.’s decision to leave the European Union is likely to diminish London’s role as a global financial center and may create opportunities for Euronext NV to win Chinese business, said Chief Executive Officer Stephane Boujnah.
“Post-Brexit, there is more uncertainty about the future of relationships between the U.K. and continental Europe,” Boujnah said in a Bloomberg Television interview on Thursday. Chinese investors “are weighing their options about what is, going forward, the right gateway for the European market, the continental European market.”