Goldman Sachs confirms plans to move London jobs to Europe

https://www.rt.com/business/381634-goldman-jobs-europe-brexit/

Hundreds of people working for Goldman Sachs in London will be moved to Europe as the company executes its Brexit contingency plans, Goldman’s Europe CEO Richard Gnodde told CNBC.

When asked whether the bank’s European expansion would reflect the moving of jobs out of London or the hiring of new personnel on the continent, Gnodde said it will be a “combination of things.”

“For this first period, this is really the period where we put in place these contingency plans, this in the hundreds of people,” said Gnodde, when asked to put numbers to anticipated headcount increases on the continent.

“We’ll hire people inside of Europe itself, and there will be some movement,” he said, explaining that the upcoming period will see investment in infrastructure, people, systems and technology.

Talking about Britain’s exit from the European Union, Gnodde said the apparent lack of a transition process or period for financial services firms means contingency plans are being relied upon.

British Prime Minister Theresa May will trigger Article 50 on March 29, formally starting the UK- EU divorce process.

“Whatever the outcome, London will remain for us a very significant regional hub and a significant global hub,” the banker said.

According to him, operations in several European cities will be expanded as part of the contingency plans.

———-

“Hundreds of people working for Goldman Sachs in London will be moved to Europe as the company executes its Brexit contingency plans, Goldman’s Europe CEO Richard Gnodde told CNBC.”

and hundreds will stay..london city will always be the hub..

Whatever the outcome, London will remain for us a very significant regional hub and a significant global hub,” the banker said.”

indeed..

401

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~ by seeker401 on March 24, 2017.

One Response to “Goldman Sachs confirms plans to move London jobs to Europe”

  1. Reblogged this on World Peace Forum.

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