Investment Banking

Citi picks Frankfurt for post-Brexit base

Around 200 London-based staff will relocate to the German city before the UK exits the European Union

Citi's offices in Canary Wharf
Citi's offices in Canary Wharf Photo: iStockphoto

Citigroup has chosen Frankfurt as the post-Brexit hub for its European sales and trading business, according to people familiar with the matter.

The decision by the US banking giant is likely to see around 200 London-based jobs move to the German city before Britain leaves the European Union in 2019.

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