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The Wall Street group has already signalled its intention to create hubs for its investment bank in Frankfurt and Paris to serve EU clients once the UK leaves the bloc in April 2019.
Goldman Sachs is also moving investment banking and sales people to the continent so that they will be closer to their clients, a practice that started before Brexit.
The US bank denied that it had settled on Dublin for the European unit of its asset management business, which employs 400 people.
“We have not chosen Dublin as home for our European asset management business,” it said. “As part of our Brexit planning we are considering options related to elements of fund administration within the EU. Any headcount changes would be small in the context of our asset management business.” [...]
Full article on Financial Times (subscription required)