"It is the cost of doing business," Kelleher said when asked about applying for European licenses now.
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MORGAN STANLEY: We will 'certainly' move people out of London before Brexit happens
"We can't wait two years to decide what we're going to have to do."
The City of London.
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"We can't wait two years to decide what we're going to have to do, and we will have certainly to move some people well before that two years is up in order get ready and to be prepared for what will happen."
He was speaking at Morgan Stanley's European Financial Services Conference.
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