Brexit’s DCM brain drain begins as banks get moving

PAris
By Jon Hay
22 Nov 2018

The next few months in the run-up to Brexit will bring upheaval for debt capital markets and syndicate teams at London’s investment banks, as they work out which roles will have to be done from the European Union and which staff to move. But the pressure will not cease on March 29, as national regulators have considerable scope to compel banks to relocate jobs. Jon Hay reports.

“Brexit has been a fantastic excuse for banks to look under the bonnet and see how things work,” said a bond banker. “Maybe it doesn’t make sense to have all these people covering European clients in London after all. Therefore, it’s a shot in its own head by ...

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