Goldman in denial

Dublin Skyline

Goldman Sachs is pushing back on a report that it plans to move its European asset management business from London to Dublin.

"We have not chosen Dublin as home for our European asset management business," Maria Gonzalez, a spokeswoman for the bank, said in a statement.

"As part of our Brexit planning we are considering options related to elements of fund administration within the EU," she said, emphasizing that changes to headcount would be small. The Financial Times reported earlier on Wednesday that Goldman would move its European asset management business, with about 20 employees, to Dublin. It cited two unnamed sources.

CBS News reports that still, Brexit has forced the investment bank to shift its strategy. The financial giant made clear last March that it intended to exit at least some of its London operations. CEO Lloyd Blankfein said last month the bank "won't have a single hub, but two - Frankfurt and Paris." He added, "Brexit pushes us to decentralize our activities."

Goldman Sachs denies moving operations from London to Dublin

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