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#Deutsche_Bank puts faith in #Brexit Britain Signing a Lease until 2048 for New HQ …
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Posted by:
Greg Lance – Watkins
Greg_L-W

eMail: Greg_L-W@BTconnect.com

www.InfoWebSite.UK

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Hi,

as an afterthought it is interesting to note Richard Gnodde of ‘Sachs of Gold‘ has made reference to a contingency plan to move some employees prior to BreXit but only in the 100s and it is as yet no more than a contingency plan.

For the record the likes of Cameron, Osborne and the Government in general might find it usefull to look up the meaning of ‘contingency plan‘ which is a concept they seem remarkably inept at taking on board!

Deutsche Bank puts faith in Brexit Britain with new City headquarters at 21 Moorfields

Serious Fraud Office Probe Deutsche Bank Over Securities Sales

The company’s Moorfields office will be ready in 2023 (Source: Getty)

Deutsche Bank, Germany’s biggest lender, has given London a resounding vote of confidence by agreeing a 25-year lease on new UK headquarters in the Square Mile.

Staff at the bank were informed yesterday of the plan to move to a new development being built at 21 Moorfields, in 2023.

Most of Deutsche’s London-based staff currently work from Great Winchester Street, by London Wall. The firm also has offices in Birmingham and Bournemouth.

Read more: One in 20 Deutsche Bank staff to share €1.1bn pay bonanza

“The move underlines the bank’s commitment to the City of London and the importance it attaches to being an employer of choice in the capital,” Deutsche Bank’s UK chief exec Garth Ritchie said.

Deutsche cited the development of Moorgate station, which will be served by Crossrail, as one advantage of the future premises.

Read more: Deutsche Bank has slashed its bonus pool by 77 per cent

The bank has signed an agreement with FTSE 100 property giant Land Securities, according to Sky News, which broke the news.

Uncertainty surrounding the UK’s trade relationship with the European Union post-Brexit has stoked fears that thousands of banking jobs could be moved out of London. Plans to shift some jobs have already been announced, but for most roles banks remain in wait-and-see mode.

Earlier this week Goldman Sachs’ European head Richard Gnodde said contingency plans involved moving people out of London before any Brexit deal is struck.

“This is in the hundreds of people as opposed to anything greater than that,” Gnodde said.

To view the original of this article CLICK HERE

Regards,
Greg_L-W.

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