Whilst firms voicing such intentions remain in the minority, the figures represent an uptick of c.50% from four months ago, when 39 (18%) of companies monitored had publicly voiced their intention to make staff or operational changes.
21 of the 47 investment banks (45%) monitored say they are actively moving some staff or part of their operations out of the UK, or that they are reviewing their domicile as a result of Brexit. Eight major investment banks have publicly spoken in the last two weeks to give more detail on their contingency plans.
10 of the 47 investment banks (21%) have changed their public stance on staffing and operations since the beginning of the year and are now stating that some roles or operations will be moved. Almost a third (15 of the 47) of investment banks have not made a public pronouncement on Brexit.
10 out of the 37 companies tracked in the insurance sector (27%) and 12 out of 52 asset management firms monitored (23%) have publicly announced their intentions to move some of their operations.
However, 75 of the 222 firms (34%) monitored by the Tracker haven’t made any public pronouncement on Brexit. [...]
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