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geardaddy

(24,931 posts) Thu Oct 19, 2017, 11:33 AM Oct 2017

CEO of Goldman Sachs Hints at Further Brexit Move

https://www.usnews.com/news/business/articles/2017-10-19/ceo-of-goldman-sachs-hints-at-further-brexit-move

LONDON (AP) — The CEO of Goldman Sachs has hinted the banking giant could be sending more jobs from London to Frankfurt following Britain's exit from the European.

Lloyd Blankfein tweeted on Thursday that Germany's financial hub may be gaining more of his attention. He wrote, "Just left Frankfurt. Great meetings, great weather, really enjoyed it. Good, because I'll be spending a lot more time there. #Brexit."

Goldman Sachs employs around 5,500 people in London and has said its 200-strong employee base in Frankfurt could double as part of its Brexit contingency plans.

Many international banks with EU headquarters in London are considering moving some operations elsewhere in the EU amid the pending divorce from the 28-nation EU. They want to safeguard the right to keep working in all EU countries.

Whoopsie, Brexiters.

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CEO of Goldman Sachs Hints at Further Brexit Move (Original Post) geardaddy Oct 2017 OP

It tallies with what I'm hearing too, though Paris, not Frankfurt. OnDoutside Oct 2017 #1

OnDoutside

(19,960 posts)

1. It tallies with what I'm hearing too, though Paris, not Frankfurt.

Reply to geardaddy (Original post)

Thu Oct 19, 2017, 11:54 AM

Oct 2017

My cousin represents quite a number of clients who are of Blankfein's stature within the financial sector in London, and he said that out of his top 6 financial clients, 4 have ALREADY moved from London to Paris. These aren't people who will go looking for a job in Paris, they are the advance party who will set up the companies in Paris, so they can bring over hundreds or thousands of workers from London. BTW, they had zero interest in moving to Frankfurt, they said it was too boring.

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