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Exactly, but even for well performing front-office staff it will not be easy to get a visa for everyone. Moving within Europe is easy as there's no visa process
by dx034 10y ago
Exactly, but even for well performing front-office staff it will not be easy to get a visa for everyone. Moving within Europe is easy as there's no visa process (right to work in the EU is already given).
I don't doubt that NYC will profit from Brexit, but I think it's more in an indirect way (as you describe) and the generally better economic environment in the US at the moment, not through relocation.
As a side note, some banks use the Brexit discussion to move back office functions to Eastern Europe, hoping that they can sell it as a Brexit consequence and not as offshoring.
- robk 10y agoVisas aren't a worry for the big banks.
- dx034 10y agoReally? I always had the impression that getting a visa to work in the US can always lead to delays, even if you're a company with a good HR department. Wouldn't you have to first try to fill every job with someone in the US, or at least pretend to to so?
- dustinmoris 10y agoCertainly not a problem for the big banks. They do this literally all the time. They have the staff, the connections and resources to fast track any of that stuff when and where they need it.
- riffraff 10y ago> Moving within Europe is easy as there's no visa process (right to work in the EU is already given). well, that would be conditional on Brexit, right?
- renaudg 10y agoFor British workers yes, but a large portion of London bankers are EU citizens.