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Bankers Issue Fresh Warnings About Brexit Staff Moves

  • Deutsche Bank executive says 4,000 jobs could depart U.K.
  • Barclays moves to start in months; ICE cites rival incentives
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What Brexit Means for U.K. Banks


Two of the world’s biggest banks reminded London-based staff that some of them will have to start moving abroad because of Brexit, while another finance boss suggested the U.K. is already being out-hustled for business by continental rivals.

Deutsche Bank AG Chief Regulatory Officer Sylvie Matherat said Wednesday that 4,000 U.K. jobs are at risk of being moved, while Barclays Plc Chief Executive Officer Jes Staley said separately that his bank would pull the trigger on its relocation plans within six months. Jeffrey Sprecher, who leads Intercontinental Exchange Inc., said Dutch, French and German officials are courting his firm aggressively.