More than 45 financial organisations are planning to move parts of their EU operations to Frankfurt due to Brexit , said Felix Hufeld , president of financial markets watchdog BaFin . Additionally , JPMorgan Chase , Morgan Stanley and Standard Chartered are among the companies planning to move some EU work to Frankfurt . The figure was announced by Felix Hufeld, the president of Germany’s financial markets watchdog BaFin. Around 25 banking licences were being processed in Germany in summer 2017 , Hufeld had previously confirmed .
More than 45 financial organisations are planning to move parts of their EU operations to Frankfurt due to Brexit , said Felix Hufeld , president of financial markets watchdog BaFin . Additionally , JPMorgan Chase , Morgan Stanley and Standard Chartered are among the companies planning to move some EU work to Frankfurt . Around 25 banking licences were being processed in Germany in summer 2017 , Hufeld had previously confirmed .