Goldman could ‘Quadruple’ Frankfurt staff

Frankfurt Skyline

Goldman Sachs could increase its Frankfurt staffing as much as fourfold as the bank deals with the fallout of Brexit, according to a senior executive.

“We talked various times about doubling our staff” in Frankfurt from the current level of about 200, and there are scenarios where it could “triple or quadruple,” Wolfgang Fink, the co-chief executive officer for Germany, said Thursday at a conference in the city.

Bloomberg News reports that Finks comments raise the prospect of a far bigger staffing boost than what the U.S. investment bank has already signaled. Morgan Stanley, Citigroup and UBS are also all relocating jobs to the German financial capital to ensure they can do business throughout the European Union following the U.K.’s withdrawal from the bloc.

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Goldman Executive Says Bank Could ‘Quadruple’ Frankfurt Staff

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