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HSBC's Assaf Says More London Jobs May Stay on Softer Brexit

  • Investment bank chief says firm still can move roles if needed
  • HSBC had previously planned to move 1,000 bankers to Paris
Pedestrians pass in front of the offices of global financial institutions, including Citigroup Inc., HSBC Holdings Plc and the commercial office block No. 1 Canada Square, in the Canary Wharf financial, shopping and business district in London on April 18, 2017.
Photographer: Chris Ratcliffe/Bloomberg
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HSBC Holdings Plc’s investment bank chief Samir Assaf said a hard Brexit is now unlikely after the U.K. election, and that could mean more jobs staying in London.

A softer Brexit would be “very good news for us, because it will be less hassle and we would be able to do much more things from London,” Assaf said at an investor presentation on Thursday.