What could happen to financial services jobs by Brexit Day One?

Groups considering moving operations and staff

Tom Eckett
clock
Brexit financial services jobs tracker
Image:

Brexit financial services jobs tracker

Just under a fifth of financial services companies have publicly confirmed at least one relocation destination in Europe, while 31% of firms are considering or have announced moving some operations or staff out of the UK, according to the latest EY Financial Services Brexit Tracker.

The tool monitors the public statements made by 222 of the largest financial services firms with significant UK operations in the run-up to Brexit. According to the tracker, Dublin and Frankfurt remain the most popular spots for relocation, attracting 14 and 12 firms respectively since the UK voted to leave the European Union. The majority of these groups are asset managers, universal banks, investment banks and brokerages. Luxembourg is the next most popular destination, attracting eight companies, followed by Paris on six. However, although the number of companies announcing relocat...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot