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Their workforce is 266,000 world wide[1] with 48,000 in London. So 218,000 already work outside London From the article, they are talking about 1000 staff. 2%.
by tezza 10y ago
Their workforce is 266,000 world wide[1] with 48,000 in London. So 218,000 already work outside London
From the article, they are talking about 1000 staff. 2%.
Lloyds of London said the same thing yesterday: 2% of their London staff would have to move to EU/Ireland
It is interesting that 2% of the staff bring in 20% of the revenue.
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[1] http://www.bbc.co.uk/news/business-33058957 http://www.bbc.co.uk/news/business-33058957
- cm2187 10y agoThey will likely move the front office staff only. Middle and back office are likely to be less affected. Salary-wise this is likely to be a disproportionate % than 2%.
- tezza 10y agoon the contrary, i think the passporting covers just the settlement of the securities. that implies middle office only. anyone can make an OTC trade anywhere in the world, but the EU regulations say you cannot exchange the actual shares between parties outside the EU.