General information
Author: Independent - Jim Armitage
Category: Press
Publication: 23 January 2017
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Brexit: Banks consider ‘moving London staff to Luxembourg to get access to EU’
Nicolas Mackel said there had been ‘strong interest’ from US and other non-EU firms assessing their options since June’s referendum
The head of financial development for Luxembourg said a string of overseas banks and fund managers had explored moving London staff to the tiny country since the Brexit vote.
Nicolas Mackel said there had been “strong interest” from US and other non-EU firms assessing their options since June’s referendum.
Mr Mackel was speaking a little over a week after investment giant M&G announced it would be opening funds in Luxembourg, whose government styles it as “the only country left that still loves bankers”.
Full article - http://www.independent.co.uk/news/business/news/brexit-latest-bank-move-luxembourg-london-exodus-a7369661.html