Look Out London: Budapest, Prague, Wroclaw Want Your Workers

When the world’s largest asset manager announced it was setting up a global hub in Budapest this year, it was inundated by applicants from an unlikely place: London.

Those interested in leaving Europe’s top banking center for the Hungarian capital made up a third of aspirants, said Melanie Seymour, managing director in Budapest for BlackRock Inc., which manages more than $5 trillion. Senior investment bankers and other top-earning Hungarians flocked to the company’s get-together in the City to hear about the 500 marketing, financial-modeling and other positions.

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