Nomura to relocate European hub from London to Frankfurt - reports

Transferring up to 100 staff

Japanese brokerage firm Nomura is looking to move its European headquarters from London to Frankfurt, resulting in the transfer of up to 100 employees, according to reports.

Bloomberg reported the firm is to begin preparations this month to form a hub in the German city, despite the prospect of a 'softer' Brexit after Theresa May failed to win a majority in the snap general elections. As of March, Nomura has 3,026 employees based in Europe, most of which are in London, and had been considering Munich, Luxembourg and Paris as an alternative European HQ. Goldman Sachs chief warns Brexit risks 'will stall' City A spokesman for Nomura declined to comment to the publication about a potential move. Goldman Sachs, JP Morgan Chase and Morgan Stanley are amo...