The vote for Britain to leave the EU sent shockwaves through global markets and the value of the pound fell to a 31-year low against the dollar this week. But Katie Davies, senior director of advisory services at global growth expert Radius, said that American companies should avoid “knee-jerk reactions” to the ongoing uncertainty.
The Brexit, once almost unthinkable, is here. From personnel to taxes to currency allocations, multinationals are scrambling to realign their corporate policies to the new reality of a post-European Union Britain. The turmoil spells opportunity. “There will be a whole heap of work related to policy and treaties that need to be rehashed,” says Katie Davies, senior director in the advisory group at consulting firm Radius.
"Financial services might move outside the UK into other hubs in Europe," said Katie Davies, a senior director at management consulting firm Radius. Paris or Munich might replace London as centers of finance.
U.K. residents are voting in a referendum Thursday to decide whether the country should end its EU membership, a possibility known colloquially as "Brexit." Polls taken ahead of the vote have been incredibly close. A vote to leave the political bloc would have significant effects on the U.K. and European economies, and to a lesser extent, American businesses. That includes those in Massachusetts.
John Connolly FCA, former global chairman and UK chief executive of Deloitte, has been appointed as chairman of consultancy firm Radius. He was senior partner and CEO of Deloitte from 1999-2011 and was global chairman form 2007-2011.
John Connolly, the former global chairman and UK chief executive of Deloitte, has been appointed as chairman of US-based consultancy firm Radius.
Radius, the single-source provider of global expansion services and solutions, has named John Connolly, former global chairman of Deloitte Touche Tohmatsu and CEO of the Deloitte UK Partnership, chairman of its board of directors.
Radius recently named Stephen Chipman as its CEO and John Connolly as chairman of its board of directors.
If British voters choose the “leave” option in next week’s referendum on the United Kingdom’s participation in the European Union, the so-called “Brexit” could pose challenges for multinationals that operate in the U.K.
Montage Services, a tax and compliance advisory firm based in the US, has been acquired by Radius, an advisory and technology company specialised in growth services.
Radius, a US-based provider of software solutions, has named former Grant Thornton US CEO Stephen Chipman as its new CEO. Chipman, who succeeds Chris Stone, will be based in the company’s Boston headquarters.
Former Grant Thornton CEO Stephen Chipman will become the new CEO of Radius Worldwide, "a single-source provider of global expansion services and solutions."