Goldman Sachs may triple its employees in Frankfurt due to Brexit

Goldman Sachs may triple its employees in Frankfurt due to the Brexit and relocation of the European headquarter. According to the co-chair of the German division Wolfgang Fink, the US investment bank may increase three or four times its presence in Frankfurt.
"The bank is expected to double the number of its 200 employees in Frankfurt now. But in some scenarios it is not excluded that their number is even tripled or even more increased", said Wolfgang Fink, who spoke to bankers at a conference in the German financial capital on Thursday.
The wide range of potential staff relocations highlights the uncertainty faced by financial institutions over the future of Brexit, as well as the regulations of the banks and clearing.
Most of the Goldman Sachs European operations are carried in UK. Currently, it has about 6,000 service providers, including brokerage and market transactions in securities, currency trading and corporate finance across the region.
<iframe width="800" height="580" frameborder="0" scrolling="no" src="https://marketools.plus500.com/Widgets/InstrumentChartContainer?hl=en&cty=GB&isNT=False&id=56435&tags=widg+chart&pl=2&instSymb=GS"></iframe>