Reuters - C Suisse said likely to move 250 bankers following hard Brexit

Brexit

Credit Suisse will likely move around 50 investment bankers to Germany, 50 to Madrid, and up to 150 more to other European Union hubs including Luxembourg in the event of a hard exit by Britain from the bloc, sources close to the matter said.

Reuters reports that the bank has so far declined to put a figure on the number of bankers it plans to move out of London from its headcount there of roughly 5,500, saying discussions continue, but it has named Frankfurt, Madrid and Luxembourg as post-Brexit hubs.

“Credit Suisse is working to maintain access to EU clients and markets by leveraging our existing infrastructure in the event of a Hard Brexit,” a spokesman for the bank said on Thursday, referring to a disorderly or no-deal exit.

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Credit Suisse picks Luxembourg, Madrid, Frankfurt as post-Brexit hubs

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