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Goldman Sachs to move hundreds of City jobs to Europe

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Goldman Sachs is planning to move ‘hundreds’ of London-based jobs to Europe as part of its Brexit contingency plans.

The chief executive officer of Goldman Sachs International, Richard Gnodde, says the plan entails moving jobs out of London as well as hiring personnel in Europe, CNBC reports.

Gnodde says: “It will be a combination of things. We’ll hire people inside of Europe itself and there will be some movement.

“For this first period, this is really the period where we put in place these contingency plans, this in the hundreds of people.”

The firm’s operations in a number of European cities will be expanded as part of the plans, although London “will remain for us a very significant regional hub and a significant global hub”, Gnodde says.

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  1. And so it begins. And indeed probably no hardship either. In a recent survey of the World’s most livable cities the UK didn’t have even one representative in the top 20. Switzerland had 3, with Zurich in second place. Germany had 5, with Munich being the best rated in 4th place.

    When this survey becomes more widely known I would guess that the floodgates will open and we may well see our brightest and best move out. Thank you Article 50.

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