Lloyd's Chairman Says Brussels Office at Heart of EU

Lloyds conducted a thorough review post-referendum, deciding to establish a subsidiary in Brussels due to its regulatory reputation, talent pool, and central EU location. The move aims to provide seamless EU access and may enhance business penetration. Job shifts from London to Brussels will be minimal. Despite Brexit, Lloyds anticipates maintaining a strong presence in London, while benefiting from an efficient EU platform.

What is the expected headcount shift from London to Brussels?

What are the potential benefits of the Brexit process for Lloyds according to the speaker?

What does the speaker believe about London's status as a financial center post-Brexit?