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Exclusive: UBS plans to shift some staff to Frankfurt after Brexit: memo

Reuters  |  ZURICH/LONDON 

By Sinead Cruise, Angelika Gruber and Lawrence WhiteZURICH/LONDON (Reuters) - Swiss bank UBS has told employees that the majority of those affected by Brexit will move to Frankfurt from London, setting out what it called a decentralised approach to relocating staff.The moves are expected to affect fewer than 200 UBS staff, a source familiar with the plans told Reuters. UBS employs around 5,000 people in London.Staff affected will be informed in the next few months and relocations will depend on where clients are based, according to a company memo seen by Reuters.Separately, the Swiss bank ...

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First Published: Fri, March 09 2018. 22:32 IST