Nomura confirmed it had received a licence from German financial regulator BaFin for its new Frankfurt subsidiary.
The bank said in a statement: “Nomura’s plans are well advanced and the license is a major step towards ensuring that all current client and counterparty relationships, and access to Nomura products and services, will continue without disruption after the UK leaves the EU.”
The bank currently employs more than 2,000 staff in its City base. It did not say how many roles would be transferred to Frankfurt. [...]
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