Deutsche Bank will move its current London headquarters, as per an internal staff memo. The new building, however, is not outside the country, but within the UK capital, signalling a vote of confidence in the country post Bexit.
The move comes as a breather to the country as it follows several banks announcing plans to move jobs away from London amid Brexit. Earlier this week, Richard Gnodde, the CEO of Goldman Sachs International said it will relocate hundreds of jobs away from London before the UK and the European Union agree on any Brexit deal.
Deutsche Bank is said to be committed to the UK Capital. The memo sent by the bank’s UK CEO Garth Ritchie was cited by Reuters as saying, “The move underlines the bank’s commitment to the City of London and the importance it attaches to being an employer of choice in the capital.”