City of London fund managers could lose half their EU workforce, survey shows

One of the City of London’s most important industries could lose more than half of its EU workers because of Brexit, according to a new survey.

Just 42 per cent of fund management professionals polled said they plan to continue working in the UK after its departure from the EU, according to research by the CFA Society UK, which represents the industry. The responses showed that 16 per cent are already planning to leave, with the remainder undecided.

The results suggest that companies managing hundreds of billions of pounds of assets, including many people’s pension funds and savings, could struggle to retain the skilled workers that they need to be able to operate. Read more…

City of London fund managers could lose half their EU workforce, survey shows