8 Jan, 2018 @ 13:29
1 min read

Spanish investment bank considering move to London post-Brexit

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London is rumoured to be preparing for a lockdown

A SPANISH bank is considering moving to its headquarters from Madrid to London post-Brexit as it believes the UK capital will remain the centre of European business.

Alantra Partners SA investment bank, which oversees €3.7 billion of assets and employs 350 people across 21 countries, is considering how many workers to send to London, according to two people close to the matter.

A spokeswoman has declined to comment.

The move would be unique given the trend of financial services planning to move staff from London to Europe over fears Brexit will see the UK lose passporting rights that allow for goods and services to be traded freely throughout the union.

Goldman Sachs, Deutsche Bank and Bank of America are all said to be bracing for a move to the continent in case the UK leaves the EU without a trade deal.

 

Brexit could cause as many as 75,000 banking and insurance job losses, largely in London, if there’s no deal, Sam Woods, chief executive officer of the Bank of England’s Prudential Regulation Authority, said late last year.

 

Laurence Dollimore

Laurence Dollimore is a Spanish-speaking, NCTJ-trained journalist with almost a decade’s worth of experience.
The London native has a BA in International Relations from the University of Leeds and and an MA in the same subject from Queen Mary University London.
He earned his gold star diploma in multimedia journalism at the prestigious News Associates in London in 2016, before immediately joining the Olive Press at their offices on the Costa del Sol.
After a five-year stint, Laurence returned to the UK to work as a senior reporter at the Mail Online, where he remained for two years before coming back to the Olive Press as Digital Editor in 2023.
He continues to work for the biggest newspapers in the UK, who hire him to investigate and report on stories in Spain.
These include the Daily Mail, Telegraph, Mail Online, Mail on Sunday and The Sun and Sun Online.
He has broken world exclusives on everything from the Madeleine McCann case to the anti-tourism movement in Tenerife.

GOT A STORY? Contact newsdesk@theolivepress.es or call +34 951 273 575 Twitter: @olivepress

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