Deutsche Bank will move far fewer jobs to Frankfurt after Brexit than the 4,000 that has been widely reported, according to the lender’s British boss. “The 4,000 number that comes up again and again is much too high,” John Cryan told a Swiss newspaper.
The Yorkshireman added that initially several hundred jobs would be created in Germany’s main financial hub and cities such as Milan and Paris.
Deutsche‘s headquarters is in Frankfurt, but it has 8,600 employees in Britain. “Mainly bankers, technology experts and traders work in London and they want to stay there,” Cryan said.
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