London's position as one of the world's premiere financial centres is bound to change in the wake of a vote to leave the European Union.
CNBC reports that in coming years, it's highly possible that major companies in London will no longer have unfettered access to the EU — and many firms have voiced a need to move employees elsewhere.
That's where Dublin comes in.
"A lot of businesses in the U.K., in order to stay part of the EU, will expand operating subsidiaries or even redomicile to Ireland," said Brian Jacobsen, chief portfolio strategist at Wells Fargo Funds Management. "Having Dublin become more of a financial center could be part of the longer-term trajectory here."
To access the complete CNBC article hit the link below:
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