London likely to remain a financial hub: DBS CEO
His belief is rooted in the city's cosmopolitan appeal, and some legislative tools in its bag
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DON'T bet against London losing its financial-hub status, said DBS chief executive Piyush Gupta on Friday, noting that the city's cosmopolitan draw can keep it attractive to financial firms.
In the wake of the United Kingdom's vote to leave the European Union, there has been a sense that some in the city are resigned to the decision to quit the EU, but others are hopeful that Britain would be able to work through the process, despite the ensuing volatility, said Mr Gupta, who was in London earlier this week.
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