Deutsche Bank Looking for New London Headquarters

Further Evidence that Banks’ Commitment to Post-Brexit UK Remains Strong

Another European financier is committing to a post-Brexit U.K. as Deutsche Bank is reportedly moving their headquarters to a building being constructed in the City of London financial district.

Talk about a long term commitment - Germany’s largest bank is negotiating a 25-year lease, with employees due to start moving into the space in 2023.  The bank joins Credit Agricole SA and Dutch lender ING Groep NV who have recently extended their leases in London and moved trading jobs to the capital.

Deutsche Bank’s U.K. chief executive officer Garth Ritchie noted, “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.”

The German bank has been in the process of overhauling its businesses, but through that the commitment to remaining a go-to employer in the U.K. has remained steadfast.

This move by Deutsche aligns with a survey Saunders 1865 conducted of over 90 global corporations.  The results revealed that none of the companies surveyed was considering a post-Brexit move away from the UK.

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