London and Chicago Look to Build on Special Relationship

The Mayor of London, Sadiq Khan, has announced the opening of a new overseas office in Chicago to help make it even easier for US companies to set up and expand in London.

Release time : 2018-09-12 17:53:55

source : London & Partners

such as Aon, which relocated its global headquarters to London to bring it closer to the world-renowned Lloyds of London insurance market. Other Chicago professional services firms to establish a significant presence in London include Jones Lang LaSalle (JLL) and Chicago Board Options Exchange (CBOE), which made London its first international business development office to take advantage of the city’s global financial centre.

The Mayor of London, Sadiq Khan, said: “This is an important step for both our cities. London and Chicago are two of the world’s leading business centres, with shared strengths in areas such as financial services and technology. We have a special working relationship with the city and we’ve seen some great success stories of Chicago businesses using London as a launch pad for growth into Europe.”

“The opening of a London overseas office will help promote even closer trade and investment ties between our two great cities and demonstrates that London is open to innovation, talent and business collaborations with Chicago and other US business hubs.”

Chicago Mayor, Rahm Emanuel added: “Strengthening the bonds between two of the world’s great global cities will benefit Chicagoans and Londoners economically, culturally and academically,” Mayor Emanuel said. “A new London office in Chicago will help expand our robust existing relationship and create new opportunities for promising partnerships on both sides of the Atlantic.”

Further analysis of recent investment data shows that London is the leading global city for foreign direct investment (FDI) from the United States, with over 1,700 investment projects creating over 70,000 jobs for the capital over a ten-year time period. Chicago is the 4th largest source city for projects from the US to London behind only New York, San Francisco and Los Angeles2.

Arthur Wong, Chief Executive Officer at Chicago headquartered, cyber