Bank of America to Begin Brexit Job Moves Next Month
- Vast majority of 400 staff will be leaving London for Paris
- Sales and trading employees to form advance party, source says
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Bank of America Corp. will start moving about 400 staff, mostly from London, to its Paris office in the next few weeks as the bank prepares for Brexit, according to a person familiar with the matter.
Traders, sales and support staff will move to the bank’s European Union offices in Paris and Frankfurt, with the vast majority relocating to the French capital, according to the person, who asked not to be identified as the information is private.