London under threat as financial No.1

It follows the exits of Henderson Group and commodity fund Krom River Partners – to Ireland and Switzerland respectively – in recent weeks. London-based investment management consultancy Laven Partners says some European countries are revamping their financial systems to become more competitive, and argues the UK may have left it too late. “Financial services is the number one success story in London but it is looking more and more likely that this will change,” Jérôme de Lavenère Lussan, a managing partner at Laven Partners says. “We are not expecting a mass exodus of managers, but a...