Deals
Brexit Driving Top Dealmakers Out of London and Into the EU
- Goldman Sachs moving bankers to the continent amid new rules
- EU-based chaperones are now required for London pitches
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The new rules for the bankers who made London financial capital of Europe are still uncertain after Brexit, but one outcome is already clear: a stream of dealmakers across the English Channel.
While thousands of traders and salespeople have already made the move, the next wave is likely to include the high-flyers who advise on strategy, mergers and capital raising, say more than a dozen officials at global institutions. Goldman Sachs Group Inc., for one, is moving senior investment bankers out of London to the continent.