The CFA Society New York (CFANY) hosted the “After Brexit- UK decides to leave: What’s Next?” conference in the evening of July 13, 2016. The event was attended by around 50 senior industry participants, a majority of whom were CFA charterholders and CFANY members.

The UK has voted to leave the European Union. The panel explored what impact Brexit has on global financial markets and economic growth across Europe and the rest of the world, the aftershocks and political implications to the European Union, as well as the ensuing uncertain business environment in the UK.

The evening’s conference featured keynote speaker Robert Kahn, Senior Fellow for International Economics at the Council on Foreign Relations (CFR), and panelists including Poul Kristensen, CFA, CQF, Managing Director, New York Life Investment Management, Terry Simpson, CFA, Director and Global Investment Strategist, BlackRock and Jessica Zarzycki, Senior Sovereign Analyst, TIAA-CREF.

The panel started with Robert Kahn addressing the immediate impact and various scenarios under which Brexit could unfold. His major points of discussion included the invocation of Article 50 and the mechanics of leaving the EU, the impact on the UK’s economy, and the political implications to the European Union. The panelists further discussed how Brexit impact their decision making in regards to asset allocation and advising clients. Networking reception with light refreshment closed the evening conference.

This is the third in a series of highly insightful country-specific conferences, following previous discussions on Greece and China. In the wake of a surprising Brexit referendum outcome, the Global Investing Thought Leadership Group, led by Thomas Brigandi, mobilized its volunteering leaders Deepika Sharma, CFA; Jae Yoon, CFA; Peter Sang, CFA; Danye Wang; and Jonathan Prin, CFA, to put together the panel event within a week and a half.

With a membership of nearly 9,000, the CFA Society New York, Inc. (CFANY) is the largest CFA® society in North America and a founding member of CFA Institute. Founded in 1937 by value investing pioneer Benjamin Graham, CFANY is a leading forum for the financial services industry and a provider of professional education and career development. In addition to delivering more than 200 events annually for its members, investment professionals and the general public, CFANY prepares hundreds of candidates to obtain the Chartered Financial Analyst® (CFA) designation. CFANY is committed to promoting best practices and the highest ethical standards in finance.

Author: Evelyn Yeow

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