Bulk of financial jobs in London will remain unharmed despite Brexit: LSE CEO

By Alexandra TendlerMarketsFOXBusiness

Trump's tax reform looks favorable to economy: LSE CEO Rolet

London Stock Exchange Group CEO Xavier Rolet on the potential effect of tax reform on the U.S. economy.

London Stock Exchange Group CEO Xavier Rolet joined FOX Business Network to discuss the impact of Brexit on the London job market.

Continue Reading Below

“I think it’s fair to say that certain jobs that are specifically connected to E.U.-based activity will migrate and some of them have already migrated,” he told Wall Street Week host Maria Bartiromo.

Although he thinks E.U.-related jobs will continue to migrate from the British capital, he is confident that “jobs connected to global services or the servicing of global needs as articulated by E.U. corporate issuers, banks, or investment management companies and other stakeholders” will remain in London.

More from FOX Business

“[These financial positions] will definitely stay in the U.K. and in London and, really, this is really the bulk of what these jobs are about,” he said.

Watch the full interview Friday on Fox Business at 8pm et.

What do you think?

Click the button below to comment on this article.