Treasury hosts Brexit roundtable on financial services sector

The Department for Exiting the European Union (DExEU) and the Treasury hosted a roundtable last week to discuss Brexit with members of the financial services sector.

Topics covered at the event included the Great Repeal Bill, the movement of skilled workers and increasing the sector’s competitiveness on a global scale.

Baroness Neville-Rolfe, commercial secretary to the Treasury, said: “I am delighted to have this opportunity to hear from this vital part of the financial services industry.

“We are determined that the UK will continue to be a global financial hub and are focused on negotiating the best deal for financial services – including asset management – to ensure the sector continues to be one of Britain’s great success stories.”

Senior executives from Allianz Global Investors, Barings Europe, BlackRock Investment Management, HSBC, Independent Franchise Partners, Investec, Investment Association, M&G, Pictet Asset Management, Schroders and Vanguard were in attendance.

Robin Walker, DExEU Minister, said: “The financial services sector is a vital part of the UK economy.

“We have been clear that we want the best deal for the UK.

“One that allows British companies the maximum freedom to trade with and operate within European markets – and let European businesses do the same in Britain.

“Hearing directly from the sector about the potential impacts and opportunities for them is hugely valuable – providing us with the information we need as we prepare to enter the negotiations.”