Barclays Picks Dublin as Post-Brexit EU Headquarters
- Bank may move 150 staff to Ireland, including senior managers
- Firm started scouting city for more office space this month
Barclays Said to Choose Dublin as Post-Brexit EU HQ
Barclays Plc has settled on Dublin for its main hub inside the European Union after Brexit and is planning to add about 150 staff there if U.K.-based finance companies lose easy access to the trading bloc, according to people with knowledge of the decision.
The bank started scouting the city for office space this month and has been in contact with Irish regulators about expanding its operations, said the people, who asked not to be identified because the plans aren’t public. Barclays is moving ahead with contingency plans so it can continue serving EU clients if Prime Minister Theresa May fails to strike a transitional or permanent deal preserving London’s access within the two-year renegotiation period.