Investment Banking

‘Inconceivable before Brexit’: Banks again plot job moves out of London as pressure mounts

The initial phase of Brexit moves was just the beginning, say senior bank executives

Thousands of jobs could be moved from London’s financial districts as investment banks have begun to rethink how they staff their European operations post-Brexit
Thousands of jobs could be moved from London’s financial districts as investment banks have begun to rethink how they staff their European operations post-Brexit Photo: Ben Stansall/Getty Images

The ink is barely dry on the Brexit deal but the world’s largest investment banks are preparing a second wave of job moves away from the City amid a shake-up of their European operations, Financial News can reveal.

Thousands of jobs could be moved from London’s financial districts as banks including Goldman Sachs, JPMorgan, Citigroup and BNP Paribas are continuing to shift staff away from London as part of their Brexit plans, according to conversations with senior bankers and recruiters on the continent. Some banks are also moving dealmakers and recruiting on the ground to bolster their European presence.

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