Reuters - Bank of America said looks to move more jobs to Paris

Paris Arc De Triomphe

Bank of America is looking to move more jobs than originally envisaged to its new Paris office, in what is expected to be one of the biggest such shifts from London ahead of Brexit, two sources familiar with the matter said.

A first wave of moves from London will begin early next year and will affect roughly 400 jobs in Bank of America’s markets, trading, sales and fixed income teams, the sources told Reuters.

Bank of America’s Chief Operating Officer Tom Montag said in November that about 200 people in sales and trading would move to the European Union and to Paris in particular.

Hit the link below to access the complete Reuters article:

Bank of America raises planned Paris job moves before Brexit - sources

SocGen CEO dismisses talk of pending cross-border mergers in Europe

 

JefferiesAnd the Best Place to Work in the global financial markets 2018 is...

Register for HITC Business News