The Brexit Effect: Banking & Financial Services

Robert Walters & Vacancysoft

July 2019

After more than forty years of moving towards ‘an ever- closer union’ nowhere are the complexities of Brexit laid more bare than within the financial services industry. With this, we have seen the following happen:

  • Key European cities benefiting out of jobs being migrated include Zurich, Frankfurt, Paris, Dublin and Warsaw.
  • Amongst the Bulge Firms, front and middle office roles were down 14% in 2018 compared to 2017. So far 2019 is continuing the same trend.
  • Interestingly, among the American banks, what we also see is that while some jobs are migrating to the EU, many are moving back to New York.

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