Skip to content
Subscriber Only

Credit Suisse to Move 250 Investment Bankers in First Brexit Shift

  • Swiss Bank said to sour on Paris as possible Brexit location
  • Lender is said to be focused on cities of Madrid and Frankfurt
Credit Suisse Group AG And UBS Group AG Offices As Swiss Consumer Growth Likely To Slow
Photographer: Michele Limina/Bloomberg

Credit Suisse Group AG plans to move about 250 investment banker positions under the first phase of its Brexit planning, according to two people with knowledge of the matter.

Some employees in areas such as trading and M&A will most likely begin relocating from London to either Frankfurt or Madrid after the bank soured on Paris as an option, the people said, asking not to be identified as the plans are private. The bank backtracked on the French capital after discussions with local regulators and government officials, the people said. Positions not filled with relocations will lead to local hires.