Richard Gnodde, chief executive of Goldman Sachs International, said on Tuesday the decision to relocate workers was part of the bank’s contingency plan for the UK leaving the EU. “We are going to start to execute those contingency plans”, he told CNBC.
Gnodde said the bank, which employs 6,000 staff in the capital, would take extra office space in Frankfurt and Paris.
Speaking a week before Theresa May will formally being the UK’s exit from the EU by triggering article 50, Gnodde said: “We start with a significant European footprint, we are licensed with banks in Germany and in France.”
“Over the next 18 months or so we are going to upgrade those facilities, we’ll be taking extra space in a number of them and be increasing our headcount and infrastructure around those facilities,” said Gnodde.[...]
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