Bloomberg - Goldman said creating Frankfurt-based holding company

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Goldman Sachs is creating a Frankfurt-based holding company to prepare for Brexit, according to people with knowledge of the plan.

Bloomberg News reports that Goldman Sachs Europe SE will house the Wall Street firm’s German advisory business, which will be merged with several Spanish operations, according to the people, who asked not to be identified because the information is private. Goldman Sachs said in an emailed statement Thursday that it planned “several Societas Europaea (SE) entities to reflect the firm’s international identity,” without saying where they’d be based.

The move doesn’t mean Goldman Sachs is about to move jobs from London, and no decisions are likely to be made in that regard for months, the people said.

Hit the link below to access the complete Bloomberg News article:

Goldman Sachs Create Frankfurt Holding Company Ahead of Brexit

Credit Suisse Said to Mull Spreading Brexit Jobs Across EU

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