FILE PHOTO: A sign is displayed in the reception of the Sydney offices of Goldman Sachs in Australia, May 18, 2016. REUTERS/David Gray/File Photo FRANKFURT (Reuters) - Goldman Sachs is starting to move some senior bankers to Frankfurt in preparation for Britain’s exit from the European Union, the investment bank’s co-chief for Germany said on Wednesday. “We’re starting to build infrastructure by making transfers and moving senior people to Frankfurt,” Joerg Kukies said at a conference, without giving the number of staff involved. “The two cities we are looking at the most are Frankfurt and Paris.” Reuters reported earlier that Goldman Sachs had put more than a dozen UK-based banking, sales and trading staff on notice to move to Frankfurt within weeks, according to two sources with knowledge of the matter. [nL5N1QP3FF] Reporting by Hans Seidenstuecker; Writing by Tom Sims; Editing by Mark Potter
Senior executives at Goldman Sachs are to be relocated from London in anticipation of Britain 's exit from the European Union . The bank had reportedly put more than a third of its UK - based employees on notice to relocate , with staff from its banking , sales and trading divisions being affected . The bank 's co - governor for Germany , Peter Kukies , said they were preparing for Brexit by moving senior people to Frankfurt , with London also being looked at as a post - Brexit option .