as informed in Goldman Sachs will relocate hundreds of staff out of London before a Brexit deal is struck, the investment banking giant has said.
Richard Gnodde, chief executive officer of Goldman Sachs International, told CNBC: “We are going to start to execute on those contingency plans.
SNP’s Tasmina Ahmed-Sheikh sparks fiery Brexit response from Theresa MayMeanwhile, larger companies fear a “staffing crisis”.
Goldman Sachs employs around 6,000 people in the capital, Business Insider reported.
“Whatever the scenario, whatever the outcome, London will remain for us a very significant regional hub and a very significant global hub.”
as declared in Banking giant Goldman Sachs will relocate hundreds of staff out of London before any Brexit deal is struck as part of its contingency plans for the UK leaving the European Union, the company’s Europe chief executive Richard Gnodde has confirmed.
He did not specify which locations would benefit from the move, though he stated that Goldman Sachs had banking licences in France and Germany.
“We are going to start to execute on those contingency plans,” Mr Gnodde told CNBC on Tuesday.
Whatever the scenario, whatever the outcome, London will remain for us a very significant regional hub and a very significant global hub,” he added.
“What our eventual footprint will look like depends on the outcome of negotiations and what we’re obliged to do because of them.
as declared in Goldman Sachs will shift jobs away from London while bulking up its European presence by “hundreds of people” as it executes on Brexit contingency plans, the chief executive officer of Goldman Sachs International told CNBC on Tuesday.
Questioned on whether the European expansion would reflect the moving of jobs out of London or the hiring of new personnel on the continent, Richard Gnodde confirmed that the plans would reflect two strategies.
We’ll hire people inside of Europe itself and there will be some movement,” he clarified, explaining that the upcoming period will see investment in infrastructure, people, systems and technology.
“It’ll be a combination of things.
Goldman Sachs also confirmed that this movement away from London would not necessarily result in a net reduction of workers in the U.K.”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.
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