“Due the far-reaching impact of this vote, Brexit will inevitably affect the British and the European economies and the wider global financial markets. The decision may have been taken in the UK but it will impact the rest of the world too.
Nigel Green, founder and CEO of deVere Group, is speaking out ahead of Thursday’s historic referendum on Britain’s place within the European Union. In recent weeks the Brexit vote opinion polls have been driving markets.
This takes times and money and with the threat of significant fines looming over the heads of banks that fail to change, combined with challenger banks plotting a beeline for markets that traditional banks have controlled, change can't come quickly e
The financial services sector, which overall accounts for up to a tenth of UK gross domestic product, would be profoundly affected.
The entrepreneur - who sold his big data company, Autonomy, to HP in 2011 for £7 billion - made his remarks during an hour-long interview with business website Leaders In.