UK - 2,000 risk management jobs threatened
Thursday, 04 27 2017, Category: Insurance and Reinsurance, Country: United Kingdom
Deutsche Bank AG’s top compliance executive said some 4,000 London jobs at the bank could be at risk of being moved to other locations as the UK leaves the European Union.
“For front office people if you want to deal with an EU client, you need to be based in the EU,” Sylvie Matherat, the German lender’s chief regulatory officer, said Wednesday in Frankfurt. “Does it mean I have to move all the front office people to Germany or not? We’re speaking of 2,000 people.”
More jobs could be affected in associated risk management functions, where another 2,000 people are employed in the UK, she said.
Source: Insurance Business