Aon stockholders approve London move

Aon’s stockholders have voted in favour of redomiciling its headquarters from Chicago to London.

The move was approved by 98% of Aon’s stockholders.

Aon is set to found a new UK-based group holding company, Aon UK, which will be listed on the New York Stock Exchange in place of the present listing for Aon Corporation.

The broker expects the share deal to close around 2 April.

Chicago will remain as Aon’s American business base, and the broker’s tax jurisdiction will shift to the UK from Delaware.

Aon has listed a number of reasons for the change, none of them tax, but a strong impetus is likely to have come from the pending new tax regime for controlled foreign companies (the CFC rules).

Aon chief executive Greg Case and about half of Aon’s executive team will relocate to London. This includes chief financial officer Christa Davies, Aon Risk Solutions chief executive Steve McGill, chief operating officer Michael O’Connor and general counsel Peter Lieb.