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Goldman and StanChart Hike Brexit Job Plans for Frankfurt

  • ECB gave new guidance to Brexit banks on back-to-back trades
  • StanChart said to more than double headcount in Frankfurt
Germany’s Financial Capital To Create Jobs In Tandem With Brexit
Photographer: Jasper Juinen/Bloomberg

Goldman Sachs Group Inc. and Standard Chartered Plc have recently expanded the number of staff moving to Frankfurt by April as financial services firms accelerate their Brexit planning, according to people familiar with the matter.

The decision came after the European Central Bank toughened its demands for how many people and IT resources it expects banks to have in the euro area on the day the U.K. leaves the European Union -- called Day 1 -- among regulators, the people said, asking not to be identified as discussions are private.