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Deutsche Bank to shift only a few hundred London jobs due to Brexit

A senior official said in 2017 that up to 4,000 may be affected

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Deutsche Bank

Reuters  |  Frankfurt 

Deutsche Bank expects far fewer staff than some had expected to move from London to the continent following Britain's departure from the European Union. "Not thousands will move from London, but rather hundreds", Stefan Hoops, the head of Deutsche Bank's capital market division in Germany, told journalists on Wednesday. While the bank has never been specific about how many jobs may leave London following Brexit, a senior official said in 2017 that up to 4,000 may be affected. Last week, Chief Executive John Cryan told a newspaper that initially several ...

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First Published: Wed, January 17 2018. 18:34 IST
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