Brexit An ‘Unmitigated Disaster’ Says Top City Investment Boss


Andreas Utermann, head of €513bn fund manager Allianz Global Investors, which has a substantial presence in the City and runs its graduate recruitment programme from London, is worried London faces a “brain drain” of the best young financial talent due to Brexit.

This latest expert opinion is neither new, nor news.

Economists have stated since the Brexit process began that their almost consensus is that Brexit is damaging for the UK Economy as a whole - not just the Financial Sector.

And yet this minority Government, with the purchased support of the DUP, insists of pushing through the process, in fear of a minority wing of their own party.