Wells Fargo eyes Paris and Dublin as post-Brexit hubs
Third largest US bank set to shift some operations away from London
Laura Noonan, Alistair Gray, David Keohane
The Irish Times
Sun, Jun 3, 2018, 18:39
https://www.irishtimes.com/business/...hubs-1.3518309
Wells Fargo is eyeing a plan to use both Paris and Dublin as its post-Brexit hubs in Europe, becoming the latest global bank to prepare to shift some operations from London.
The bank’s European business that could no longer be done in the UK after the country leaves the EU would be conducted in both the French and Irish capitals, according to people familiar with the matter.
(Article translated from French to English)
Bank Of America will transfer 400 jobs to Paris in view of Brexit
Pamela Barbaglia
June 7, 2018, 20:36
https://investir.lesechos.fr/actions...es-1770490.php
A first wave of departures from the British capital will be launched in early 2019 and will involve about 400 positions in the US bank's markets, trading, sales and bond assets teams, sources told Reuters.
Tom Montag, deputy chief executive of Bank of America, said in November that about 200 people from the sales and trading teams would be transferred to the European Union, particularly in Paris.
The number has since increased and the institution now wants to allocate each post in Paris sources said.