After the report was released insurers Liberty Speciality Markets and CNA Hardy announced they would set up shop on the continent as well.
The report further lists the next most popular locations including Ireland (14 companies), Germany (8), the Netherlands (4), Belgium (3) and France (1).
One surprise in the developments thus far has been the lack of company relocations to the Netherlands. It was initially expected to be a top contender to gain business primarily due to its infrastructure for fintech and amount of the population that know English as a second language.
Luxembourg is gaining in popularity due to its status as a top financial centre with an international, multilingual workforce. It also boasts stability, security and accessibility, both in terms of infrastructure and ease of meeting key decision makers.
The list so far of companies that have announced their plans to set up in Luxembourg post-Brexit include:
31, AIG, Bank of America, Blackstone, Carlyle, China Everbright Bank, Columbia Threadneedle, EQT Partners, FM Global, Goldman Sachs, Hiscox, HSBC, ICG (Intermediate Capital Group), JP Morgan, M&G Investments, MJ Hudson, Morgan Stanley, Ping Pong, Ppro Group, Rakuten Commercial Banking, RSA and Shanghai Pudong Bank.
One thing is crystal clear. Brexit is fuelling a big surge in the international relocation of talent both to and from the UK. And to persuade employees to move, employers must provide relocation support that meets the needs of the individuals and families that they are asking to move overseas.
Nobody has more experience in moving employees overseas for top global brands than Saunders 1865 – The VIP Relocation Company.
If you are responsible for relocating senior executives internationally, or if you yourself are being relocated, discover how top businesses support the families they move overseas. What relocation benefits do they provide and which support programs do senior executives expect?
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