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Your Bank Is Moving to Frankfurt? Ask for a Raise

  • Recruitment CEO says there are skills shortages outside London
  • Frankfurt is the biggest winner in the fight for U.K. jobs
Updated on

Banks planning to shift parts of their operations from London to other European cities because of Brexit will have to increase salaries because of a skills shortage, according to the head of a recruitment company.

Robert Walters, founder and chief executive officer of the eponymous company, said any banks hoping to move work to European cities such as Frankfurt would find “there’s nobody to hire.” Walters, whose company recruits for finance roles, said certain skills were concentrated in London.