Is 110k (gbp) a "good" salary for Financial Services in London?

Hi All!  Need some advice... My NYC financial firm has approached me about a position in London.  Same title, Director, however the sterling salary they are proposing is significantly less than what I'm making in the US.  I currently make a base salary of $200k USD / year.  The London role is 110k GBP / year.  This doesn't make any sense to me as using the USD/GBP exchange rate, I would think 200k usd should equate to approx~ 140k GBP.   What am I missing?  The position is considered "local", meaning it is not an expat position.  I will be entitled to 2 mos of corporate housing while I find my permanent accommodations but that is pretty much it.  I am planning to move there with my husband, no children.  My husband will be accounted for on my T2 Visa but it may take some time for him to find work in the UK in his field (architect).   All this said - we live very comfortably in NYC and have a  comfortable lifestyle i.e. we dine out, take european vacations etc.  1)  Is 110k GBP an appropriate salary for a Director-level professional in Financial Services (it's one title above VP and one below MD; you may know this level as "Executive Director") and 2) Is 110k GBP a generous salary to live on in a desirable section of the city center (i.e. Notting Hill/Bayswater etc)?    Thanks all!

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