As Frankfurt, Paris and Dublin vie for financial jobs that may move from London after Brexit, two of Japan’s biggest banks have been quietly building their presence elsewhere: Amsterdam.
Mitsubishi UFJ Financial Group and Mizuho Financial Group are bolstering their units in the Dutch city, where they both hold a banking license that enables them to serve clients throughout the European Union.
They still need to choose a location for conducting securities business in the region should the UK’s exit make London a more difficult place to perform certain services for European customers, such as underwriting and derivatives.
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