– The single largest increase in activity has been in France, but this activity has been primarily caused by French banks increasing their activity.
– Germany, Ireland and Poland have all been witnessing a significant surge in hiring from the major American Banks.
– We estimate that Poland specifically could be the biggest winner out of Brexit, with over 30,000 jobs forecast to move to Warsaw.
Last month TheCityUK and PWC released a report titled ‘A vision for a transformed, world-leading industry’. The report outlines a scenario in which the GVA of the UK’s Financial Services industry grows by 9% by 2025 from its current size, primarily by maintaining industry competitiveness nationally and internationally, and by emphasizing innovation in FinServ and FinTech while factoring in the challenges posed by Brexit.