Bankers quit London as Brexit relocations to EU step up Investment banks are shifting more rainmakers out of London to financial centres across the European Union, accelerating the pace of moves after the pandemic and uncertainty over Britain’s access to the bloc slowed relocations. Morgan Stanley, Barclays, Goldman Sachs (GS.N) are among those moving senior bankers,…
Amsterdam ousts London as Europe’s top share trading hub UK’s departure from the EU prompts shift in dealing of stocks and derivatives Amsterdam surpassed London as Europe’s largest share trading centre last month as the Netherlands scooped up business lost by the UK since Brexit. An average €9.2bn shares a day were traded on…
Julius Baer’s European Build-Out And Its UK Ambitions This publication recently sat down with the head of Julius Baer’s business in the UK and Ireland. One of Switzerland’s largest banks has been spending to build teams in the UK and Portugal and working on other European markets in ways that it hopes will bear fruit…
New York has surpassed London to regain the position of the world’s leading financial centre, triggered by uncertainties related to Brexit. This was revealed by a report from Duff & Phelps, which polled more than 180 executives covering various areas such as asset/wealth management, private equity/hedge funds, and brokerage. Of the executives polled, 52% viewed…
Following Private Banker International’s second Germany conference at the end of April, and a collapsed merger between two of the country’s largest banks, Oliver Williams takes a look at the future of private banking in Germany. Future of private banking in Germany: More Mergers After talks stalled between Deutsche Bank and Commerzbank last month, rumours have…
A reduction in the number of EU tech graduates moving into the UK is making it difficult to recruit and retain talent in the finance sector, and Brexit could be partially to blame. The Fuelling Fintech report from TheCityUK, which promotes Britain as a financial centre, and recruitment firm Odgers Berndtson, said fintech and other…
Barclays has been given the green light to transfer £160bn of assets to its Irish business as the bank “cannot wait any longer” to implement its no-deal Brexit strategy amid ongoing political uncertainty. A High Court judgement revealed that the bank is pushing forward with its Brexit contingency plan to transfer all of its European…
French capital is competing to pick up business lost by London due to Brexit, with Frankfurt and Dublin also in the running. Major City employers are expected to decide within weeks whether they need to move business out of the UK as a result of the Brexit vote, the lobby group for Paris has predicted…
