Morgan Stanley Contemplating Move of 30% of UK Staff to Dublin, Frankfurt

[kreslik.news]

Morgan Stanley joins the growing ranks of US and European lenders looking to lessen the scope of their operations in London and pursuing alternative jurisdictions within the European Union.

With Barclays and Standard Chartered, among other UK–headquartered lenders, all contemplating a move in the aftermath of the Brexit, Dublin and Frankfurt have emerged as the two frontrunners for attracting banking talent. Morgan Stanley is the latest addition to this list – it has begun to weigh its options with the writing on the wall regarding the UK’s exit, per a Reuters report.

Two-Horse Race

While both Dublin and Frankfurt have their advantages, Dublin ... (read more)