CNBC Interviewee Alun Baker's Reaction to the BREXIT Vote to Leave the EU

Jun 24, 2016

On June 23, voters in the UK elected to leave the European Union, putting some closure around the controversial Brexit referendum. This decision to leave will have significant impact on the global economy as it impacts how cross-border business is conducted.

Alun Baker, regional managing director for Merrill’s EMEA theatre is cautious about the outcome, particularly in the M&A market. “The long-term impact on M&A is hard to predict, but we do know that the uncertainty leading to the referendum vote has seen the market hit the brakes as clients waited for the outcome,” said Baker. “Although many foreign businesses invest in the UK, the issues that arise with restricted access to the market is bad news for foreign direct investment, which would lead to less M&A in the short to medium term. In the long-term, however, it is reasonable to expect to see a recovery as the deal market adjusts to the new normal.”

Merrill, in partnership with The M&A Advisor, continues to consult with thought leaders across the financial industries. On June 16, we issued a report looking ahead to the referendum. Shortly, we will be issuing an additional report that will look more closely at the actual outcome and what the markets – and our clients – might expect.



About Merrill Corporation

Merrill Corporation provides technology-enabled platforms for secure content sharing, regulated communications and disclosure services. Clients trust Merrill’s innovative applications and deep subject expertise to successfully navigate the secure sharing of their most sensitive content, perfect and distribute critical financial and regulatory disclosures, and create customized communications across stakeholders. With more than 3,800 people in 41 locations worldwide, clients turn to Merrill when their need to manage complex content intersects with the need to collaborate securely around the globe.


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