‘Time for reflection’: Financial services firms bid final farewell to Queen

Earlier this morning Buckingham Palace confirmed that Her Majesty Elizabeth II had died at Balmoral, aged 96.

Reacting to the news, stock exchanges around the world observed a minute of silence, including the Australian Stock Exchange which paused for a minute at 11 a.m. Friday.

The London Stock Exchange is expected to trade as normal on Friday, but confirmed it would likely be closed on the day of the funeral.

“The day of Her Majesty The Queen’s funeral is expected to be a public holiday and in this scenario the London Stock Exchange would be closed to trading,” a spokesperson said.

Responding to the news of the Queen’s passing, Fidelity International chief executive Anne Richards said: “On behalf of Fidelity International, I would like to extend our deepest condolences to the Royal Family.”

“Her Majesty Queen Elizabeth II has spent her life devoting her remarkable life to the service of others,” Ms Richards said.

“On a personal level, it’s a moment of reflection on a full life,” she added.

Ronald O’Hanly, chairman and CEO of State Street, posted a lengthy note on his personal LinkedIn page.

“Like millions of other people around the world, I am a long-time admirer of Queen Elizabeth II and am deeply saddened by her passing,” Mr O’Hanly said.

“To our friends in the UK and around the world, we join you in mourning and celebrating the life, work and deeds of Queen Elizabeth II. In this time of reflection, the example of his life and the dignity of his death offer a profound message for all of us,” he continued.

Macquarie Group Chief Executive Shemara Wikramanayake said: “Queen Elizabeth II embodied a principled dedication to public service. She has been an incredible role model and inspiration to millions.

“We send our condolences to the Royal Family and to all those around the world who mourn the passing of a unique person.”

Similarly, Schroders Group Chief Executive Peter Harrison issued a statement.

“It is with great sadness that we join the nation and the Commonwealth in mourning the passing of HM Queen Elizabeth II,” Mr Harrison said.

“As the longest-serving monarch in British history for 70 years, she has led the Commonwealth and her family with grace, poise and conviction. We have nothing but the greatest admiration for her leadership and charitable work. .

There was also an outpouring of sympathy from world leaders, including Australian Prime Minister Anthony Albanese, who suspended parliament on Friday morning for two weeks.

The Prime Minister is now expected to travel to London alongside the Governor General to meet King Charles III.

“With the passing of Queen Elizabeth II, a historic reign and a long life of duty, family, faith and service came to an end,” Mr Albanese said.

“There is comfort in Her Majesty’s own words: grief is the price we pay for love.”

‘Time for reflection’: Financial services firms bid final farewell to Queen

Financial services firms have expressed their condolences following the death of Queen Elizabeth II.

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Last update: September 09, 2022

Posted: September 09, 2022

Maja Garaca Djurdjevic

Maja Garaca Djurdjevic

Maja’s career in journalism spans more than a decade in finance, business and politics. Now a writer and journalist with experience in all elements of the financial services industry, before joining Momentum Media, Maja reported for several established media outlets in South East Europe, examining key processes in post-conflict societies.

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