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 company had reportedly put more than a dozen of its UK-based employees on notice to relocate, with staff from its banking, sales and trading divisions being affected. The bank's co-chief for Germany, Joerg Kukies, said they were preparing for Brexit by moving senior people to Frankfurt, with Paris also being looked at as a post-Brexit option.