March 7, 2018 / 5:53 PM / 15 days ago

Goldman Sachs starts to transfer some senior bankers to Frankfurt due to Brexit

FRANKFURT, March 7 (Reuters) - Goldman Sachs is starting to move some senior bankers to Frankfurt in preparation for Britain’s exit from the European Union, the investment bank’s co-chief for Germany said on Wednesday.

“We’re starting to build infrastructure by making transfers and moving senior people to Frankfurt,” Joerg Kukies said at a conference, without giving the number of staff involved. “The two cities we are looking at the most are Frankfurt and Paris.”

Reuters reported earlier that Goldman Sachs had put more than a dozen UK-based banking, sales and trading staff on notice to move to Frankfurt within weeks, according to two sources with knowledge of the matter. (Reporting by Hans Seidenstuecker Writing by Tom Sims Editing by Mark Potter)

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