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And so it begins - Morgan Stanley

Morgan Stanley is moving 2,000 staff from London to Dublin or Frankfurt

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Edit to update:

BBC business reporter Joe Lynam reports...

Sources within Morgan Stanley say it has already begun the process of moving about 2,000 of its London-based investment banking staff to Dublin or Frankfurt. And it has a taskforce in place.

The jobs which would be moved from the UK would be in euro clearing but also other investment banking functions and senior management.

The American investment bank needs to avail of the passporting system which allows banks to offer financial services in all countries in the EU without having to establish a permanent base in that member state.

The president of Morgan Stanley, Colm Kelleher, told Bloomberg two days ago that Brexit would be “the most consequential thing that we’ve ever seen since the war”.
(edited 7 years ago)

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Original post by jneill
Morgan Stanley is moving 2,000 staff from London to Dublin or Frankfurt

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**** sake

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Damn **** just got real.
Reply 3
Original post by Princepieman


Dublin is very nice. Expensive (and getting more expensive), but nice...

:smile:
we can all dress up as Mary Poppins to entertain the tourists.
Reply 5
Original post by the bear
we can all dress up as Mary Poppins to entertain the tourists.


I'd rather wear scottish kilt.

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Original post by Impressive
I'd rather wear scottish kilt.

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i... i am sure you look lovely in the tartan... but you may not be allowed to wear it once Scotland becomes independent :dontknow:
Reply 7
Original post by the bear
i... i am sure you look lovely in the tartan... but you may not be allowed to wear it once Scotland becomes independent :dontknow:


Indeed
Hope many others will follow HSBC's move to Paris
Reply 9
Original post by the bear
i... i am sure you look lovely in the tartan... but you may not be allowed to wear it once Scotland becomes independent :dontknow:


oh, that's right, what a shame...
Very good!!

Spoiler

Original post by 16characterlimit
So its not over till the paper is signed?


I don't think so - even article 50 takes forever to implement.
Original post by Metrododo
Hope many others will follow HSBC's move to Paris


Hell no, did you see their proposed 75% tax? That is risky business

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Does that mean they are hiring 2000 people in Germany and firing 2000 people in London or are they moving the people?
Original post by Princepieman


Lol calm down
Original post by Trapz99
Does that mean they are hiring 2000 people in Germany and firing 2000 people in London or are they moving the people?


More of "Do you want to work in Germany? Yes? Great! No? Your fired".
You're seriously deluded.
Original post by 16characterlimit
More of "Do you want to work in Germany? Yes? Great! No? Your fired".


What about the people who can't speak German? I wouldn't mind working in Germany though since I can speak German semi-proficiently but not fluently enough for business.

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