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Citi Tells U.K. to Make a Decision on Brexit as Jobs Are Pondered

  • Bank’s own interests and regulators may force more staff to EU
  • Citibank Europe CEO wants deeper EU capital markets union
Updated on

Citigroup Inc.’s European head has this message for U.K. politicians squabbling over Brexit in the current election campaign: “We need a decision.”

“People have made decisions, spent money on platforms that are ready to go but aren’t fully functioning yet because moves have not happened yet,” Citibank Europe Plc Chief Executive Officer Zdenek Turek said in an interview in Dublin, where the firm has 2,500 staff. “There is an element of cost associated with that, and the same goes for our customers.”