Brexodus spreads to DCM and syndicate

Paris Champs Elysees Fotolia 230x150
By Jon Hay
21 Nov 2018

Some investment banks are beginning to move debt capital markets and bond syndicate bankers from London to the EU 27 because of Brexit, or are preparing to do so. Every bank is tackling the issue in its own way, but the common view that in the bond market only trading and sales people would have to move is now looking less tenable.

Barclays is moving syndicate people to Paris, and is in negotiations with staff. “Barclays has consistently reassured issuers of our commitment to deliver a seamless service, whatever the outcomes around Brexit,” said Marco Baldini, head of bond syndicate, EMEA and Japan, based in London. “They know we are ...

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