Top firm said planning to relocate investment bankers

To Say Goodbye Elke Oerter

Areas such as trading and M&A will most likely begin relocating.

Bloomberg News reports that Credit Suisse plans to move about 250 investment banker positions under the first phase of its Brexit planning, according to two people with knowledge of the matter.

Some employees in areas such as trading and M&A will most likely begin relocating from London to either Frankfurt or Madrid after the bank soured on Paris as an option, the people said, asking not to be identified as the plans are private. The bank backtracked on the French capital after discussions with local regulators and government officials, the people said. Positions not filled with relocations will lead to local hires.

Credit Suisse is one of the few European banks still to outline plans for its London-based operations after the U.K.’s withdrawal from the European Union.

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

Credit Suisse to Move 250 Investment Bankers in First Brexit Shift

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