BlackRock CEO Blasts UK for ‘Irresponsible’ Brexit Delays, Plans Exit to US & Europe

2019-2-25 16:27

The head of the world’s biggest asset manager, BlackRock, has lashed out at the “irresponsible” British government as Brexit draws closer. In an interview with CNBC Squawk Box, CEO Larry Fink confirmed that BlackRock was moving more of its operations out of London.

“We’re already now making bigger plans on moving different components of our business to the continent or to the United States. ” It’s a significant shift in tone from last year when Fink said “only very few roles” will be moved out of London. It comes as prime minister Theresa May delays today’s crucial Brexit vote in Parliament.

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