THE SHAKERS AND THE MOVERS

Almost as soon as it became clear the UK government was intent on following through with the referendum result the EU announced the European Medicines Agency and the European Banking Agency would move out of the UK and into an EU member state. This means the loss of hundreds of highly paid jobs (900 for the EMA alone). We then had a sort of hiatus where nothing much happened although the European Central Bank warned that passporting would end and banks and financial institutions who wanted to continue trading in the bloc would have to relocate some operations.

During the lull, as business and commerce waited to find out what Brexit meant for them (apart from Brexit that is), various European cities geared up to tempt as many financial jobs as they could.

Now reality is starting to bite. The prospect of no deal, while still low, is greater than it was and for some, the ticking clock was making them nervous.

So, I'm beginning a list of companies who have announced moves into Europe and I'll try to update it as time goes on. There are bound to be more companies leaving as March 29th 2019 approaches with no agreement in sight.
Lloyds Banks to create three hubs in the EU
Chubb European Group and Ace European Life move to France
Deutsche Bank move some jobs to Frankfurt
Credit Suisse moves 50 jobs to Madrid
Trading company Jane Street moves to Amsterdam
Forex Trader NEX moves to Amsterdam

 August 2010

Credit Suisse picks Luxembourg, Madrid & Frankfurt
Bank of America to move 200 jobs to Paris
Baillie Gifford to move operations to Dublin
Ship Insurer UK P&I Club makes hub in Rotterdam
Nomura contacts clients about migrating to Frankfurt
EU Naval Force HQ to move out of London
Panasonic to move HQ to Amsterdam

 September 2018

Ashmore sets up Irish base in Dublin
Acquis Exchange opens office in Paris
First State Asset Managers to move funds to Ireland
Next sets up new Irish company to avoid customs post Brexit

 October 2018

Elcome open office in Alicante
Wells Fargo shift EU hub to Paris
Coinbase opens Dublin office
Aviva move UK policy administration to Ireland
Axa XL moves European Operations to Ireland
SciSys moves to Dublin to keep space work
BUPA plan European hub move to Dublin
HarbourVest to open in Dublin to lessen Brexit impact

 November 2018

CME Group move $240 billion/day market to Amsterdam
Steris - multi billion dollar US Healthcare firm - moves HQ to Ireland
Tokio Marine Group receives court approval for Luxembourg move 
Bank of America complete move to Dublin 100 staff 

 December 2018

 RBS applies for German Banking licence 
Societe General opens clearing capability in Paris 
Vanguard, Merian Global open offices in Dublin

January 2019

 Wells Fargo to open offices in Frankfurt and Paris
Axa to move staff to Dublin
Pantheon open Dublin office as part of Brexit planning
Sony to move HQ to Amsterdam
Trading platform Acquis sets up hub in Paris
Merril Lynch to move 100s of jobs to Paris

 February 2019

Shwarz Gerhard move staff to Austria
Aviva, Natwest move funds to Ireland, Holland
Discovery Channel gets German license
Raspberry Pi looking to move manufacturing to Ireland or Holland

 September 2019

 Aztec Oils opens operation in Lithuania
Senju Metal Industries close High Wycombe factory

 January 2020

 Total move cash management to Paris
API Foils, Livingston closes on Brexit Day - blaming Brexit

 February 2020

 Revolut move payment operations to Ireland
Kids fashion company Frugo opens Dutch base
German Digital bank N26 quits UK due to Brexit
Kasai in Mertyr Tydfil close with the loss of 180 jobs
McBrides in Barrow to move production to France and Luxembourg


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