Euroclear's Grimonpont on global ambitions
17 April 2018 ISF
Euroclear’s Olivier Grimonpont is mindful of that fact that where a firm operates matters, especially in today’s market.
“A change is underway,” he suggests. “Businesses seem to be placing more importance on their operational jurisdiction.”
Although we avoid going down the route of geopolitics, it’s clear what Grimonpont is alluding to.
Brexit, US tax reform, trade barriers - to name but a few factors - mean banks and the buy-side are now more carefully considering where and how to do business.