Financial Times: Jonathan Wills on Brexit
May 15, 2017
Oliver Wyman partner Jonathan Wills was quoted in a Financial Times article titled “Banks braced for ‘hundreds of millions’ in Brexit costs” about the recent Brexit research report - "Brexit Impact on the UK-based Financial Services Sector" commissioned by TheCityUK.
"Jonathan Wills of Oliver Wyman said their research shows Brexit will also cut the return on equity of affected European investment banks by about 5 percentage points, equivalent to around $1.5bn across the industry, because of cost duplication and capital inefficiency.."
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