Brexit ‘Cannibalized’ London Listing Pool, JPM’s Raghavan Says

Britain’s exit from the European Union has “cannibalized” London’s listing pool, according to JPMorgan Chase & Co.’s chief executive officer for Europe, the Middle East and Africa.

Vis Raghavan told Bloomberg Television’s Francine Lacqua on Tuesday that uncontrollable geopolitical shifts were acting against the listing environment in London and across Europe.

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“Historically, London has been a big magnet for emerging market listings,” drawing in Russian and Indian companies, Raghavan said. A lot of that has disappeared, with China becoming more domestically focused, he added, before turning his ...