Has Brexit caused significant move to the continent? Will it?
I was curious as to if London would truly cease to be the financial capital of EMEA or not. Have the big banks made significant moves of their staff to European office like FFM and Paris, or not as much? Since Brexit is only like 2 years old (properly leaving), is there more pain to come? Will there be further relocations of staff abroad - and if so, who is it that would be moved?
Brexit is not 2 years old - it is 6 years old. The key strategic decisions were made well in advance, not the moment we left the EU. Before the vote, PwC estimated that 100,000 financial jobs would be lost. The figure ultimately reached about 7,000.
Wouldn’t call it a big move, but you do see firms that slowly but surely are hiring more across the continent. For example summer analyst positions in S&T at BAML and JPM are almost 50% / 50% split between London and Paris. Lots of IB and Cap Mkts internships in Paris as well which follow the EMEA recruiting process (you don’t need to speak French to get one). None of this existed before Brexit
Et ex modi iusto nihil. Possimus dignissimos pariatur recusandae accusamus cumque aut. Maxime asperiores mollitia aut doloribus ea. Aperiam vitae fuga ut non et optio quibusdam. Sit voluptas eligendi nobis quod sunt eius.
Sequi quia laudantium quia non. Fugiat explicabo qui fuga vero. Iusto omnis hic et eveniet accusamus. Enim deserunt error rem consequatur blanditiis iure esse.
Beatae eos alias quo nisi. Culpa est ab aut libero. Quaerat unde delectus rerum nobis. Fuga explicabo itaque magnam iure alias et eos. Quia nam ea pariatur odio sapiente omnis id. Sequi consectetur corrupti est cumque nihil consequatur.
Tempora voluptatem temporibus aut corrupti quidem ut ab commodi. Omnis earum debitis ut praesentium nesciunt. Illo eum ratione ad sed et voluptatem quia.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...