Goldman Sachs Create Frankfurt Holding Company Ahead of Brexit
- Holding company said to house German, Spanish businesses
- This doesn’t mean jobs leave London yet, people familiar say
Why Brexit Talks Might Not Move Forward in December
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Goldman Sachs Group Inc. is creating a Frankfurt-based holding company to prepare for Brexit, according to people with knowledge of the plan.
Goldman Sachs Europe SE will house the Wall Street firm’s German advisory business, which will be merged with several Spanish operations, according to the people, who asked not to be identified because the information is private. Goldman Sachs said in an emailed statement Thursday that it planned “several Societas Europaea (SE) entities to reflect the firm’s international identity,” without saying where they’d be based.