deVere Mortgages, part of deVere Group, which specialises in UK mortgages for expats and overseas buyers, primarily from the Middle East, Europe and Far East, affirms the uptick is a direct result of the outcome.
In the capital outlook commentary, which is currently posted as a video on the RBC Global Asset Management website, Chief Investment Officer Dan Chornous explains that while the vote understandably set off some immediate panic, it is an expected response
The U.K. has been the top destination in Europe for wealthy migrants, attracting more than 125,000 high net worth individuals since 2000
The worst case scenario for the UK’s exit from the EU could drive a short-term “fragmentation” of the investment banking industry as jobs leave London for different venues around Europe, according to JP Morgan's top banks analyst Ki
Some bankers won’t even be that lucky, as a further round of job cuts in London are likely in September if client activity doesn’t pick up, according to multiple banking executives, who asked not to be named discussing personnel matters.