Goldman Sachs Moving Hundreds of Staff Out of London in Preparation for Brexit

Frankfurt am Main, Germany.

Goldman Sachs has announced that it will begin moving hundreds of staff from London to Frankfurt and Paris prior to the UK’s exit from the EU as part of a contingency plan. Richard Gnodde, chief executive of Goldman Sachs International, said of the changes:

“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.”

Source: Goldman Sachs to move hundreds of staff out of London due to Brexit | Business | The Guardian