Europe Better Than U.K. at Courting Finance Firms, ICE CEO Says
- EU pitch includes information about schooling, real estate
- U.K. has better hand in negotiations than some think, CEO says
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The European Union is doing a better job than the U.K. at courting financial firms as the U.K. heads toward leaving the bloc, says the head of Atlanta-based market operator Intercontinental Exchange Inc.
Speaking at at a conference in London, ICE Chief Executive Officer Jeffrey Sprecher said that when he has talked to U.K. officials, they’re light on detail about luring business. But when Dutch, French and German officials approach the company -- a powerhouse in derivatives trading and clearing -- they’re armed with incentives and information about schooling, taxes and office real estate, Sprecher said.