Morgan Stanley CEO Sees U.S. Bank Boost From Brexit

The transcript discusses the impact of Brexit on financial institutions, particularly the need to relocate employees from London due to regulatory and operational challenges. It highlights the negative aspects of Brexit, such as the need for additional headquarters in Europe and the trapping of capital in legal entities. The discussion also covers the strategic reevaluation of global business locations, considering factors like infrastructure and time zones, with New York being a potential beneficiary of these changes.

What is one of the main reasons the speaker mentions for moving employees out of London?

• To expand into Asian markets

• Due to a lack of infrastructure in London

• As a result of Brexit

• To reduce operational costs

What operational challenge does the speaker highlight regarding Brexit?

• Lack of skilled workforce in Europe

• Difficulty in accessing the Asian market

• Need for more capital and liquidity in European entities

• Increased competition from European firms

What is the speaker's approach to relocating employees due to Brexit?

• Relocate as many employees as possible

• Relocate employees to Asian countries

• Focus on relocating only senior management

• Minimize the number of relocations

Which city does the speaker suggest might benefit from the geographic shifts in trading businesses?

• Hong Kong

• Paris

• New York

• Tokyo

According to the speaker, what is not necessarily the case regarding the movement of operations?

• Operations will move to Asia

• Operations will move to South America

• All operations will move to another European country

• Operations will remain in the UK