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Frankfurt Trading to Grow in Importance Post-Brexit, Study Finds

  • Asset management, corporate banking also seen gaining
  • Housing shortage, lack of qualified personnel seen as snags
A view of the skyline and the financial district of Frankfurt.

A view of the skyline and the financial district of Frankfurt.

Photographer: Thomas Lohnes/Getty Images

Securities trading in Frankfurt will probably experience an upswing in the wake of Britain’s decision to leave the EU, with Germany’s banking capital emerging as one of the main beneficiaries in the changing landscape, according to a survey of German financial professionals.

More than three-quarters of the respondents said trading and settlement would gain while asset management, corporate banking and professional services are also likely to benefit. Fewer than 10 percent expect retail banking in Frankfurt to profit from a so-called Brexit, the survey by Professor Volker Bruehl of the Center for Financial Studies at Frankfurt’s Goethe University found. A gauge measuring the future international importance of Germany’s financial center reached a historic high, jumping 21 points to 137.