Daiwa, bye bye UK, hello Frankfurt

[AtW]

When are you relocating to the continent?

When I deem it necessary - I can move in one day with a laptop and buy everything I need on location

[vetran]

Yes, they are behind, so they've got room to grow, ambition and political will of the EU to make it happen.

London will probably go back to where it was in the 70s, with some luck it won't be 1670.

Forget the EU the attack will come from the East. Even the most rabid left wing paper thinks so.

Will London survive as a financial centre after Brexit? | Business | The Guardian

On these measures, London and New York continue to do well. The latest Global Financial Centres Index, published last month by Z/Yen, shows that London remains at the top of the league, marginally ahead of New York.But the ratings of both have declined sharply over the last year, and the gap between them and third-place Singapore, more than 30 points last year, is only 20 this year. Indeed, almost all of the Asian centres have lifted their ratings, with Beijing rising the fastest, moving from 26th to 16th place.
If we look specifically at Europe, the only other financial centre in the global top 20 is Luxembourg, which creeps in at 18, six places lower than last year. Frankfurt, at 23, fell four places this year, and Paris has been stuck at 29 for the last couple of surveys. So London has a huge lead in Europe.

so neither Paris nor Frankfurt have managed to gain any ground (in fact Germany lost some) despite 2 years of very public uncertainty.


Public Reports



- Long Finance

so apparently New York is seeing the Brexit effect.

Not for the first time, New York took first place in the index, just two points head of London, although both centres fell slightly in the ratings. Hong Kong is now only three points (on a scale of 1,000) behind London. Shanghai overtook Tokyo to move into fifth place, gaining 25 points in the ratings. Beijing, Zurich, and Frankfurt moved into the top ten centres, replacing Toronto, Boston, and San Francisco.

[Zigenare]

Yes, they are behind, so they've got room to grow, ambition and political will of the EU to make it happen.

London will probably go back to where it was in the 70s, with some luck it won't be 1670.

When are you relocating to the continent?

[AtW]

My understanding is that Paris & Frankfurt have been competing with London for decades yet they are still way behind on Global trade, they may take some of the EU business but its not sure.

Yes, they are behind, so they've got room to grow, ambition and political will of the EU to make it happen.

London will probably go back to where it was in the 70s, with some luck it won't be 1670.

[vetran]

You need to work on your metaphors. This one really doesn't work, and on so many levels...

Its more like a production forecast in a tractor factory!

[vetran]

I am imagining the 5-10 years staffing levels will be the other way around, but of course my crystal ball may be broken, but that’s too far in the future for a Brexiteer to think?

FTFY

My understanding is that Paris & Frankfurt have been competing with London for decades yet they are still way behind on Global trade, they may take some of the EU business but its not sure.

[Mordac]

Yeah, it’s like them handful of troops landing in Normandy - not exactlya full scale invasion, right?

You need to work on your metaphors. This one really doesn't work, and on so many levels...

[darmstadt]

Starts small, gets bigger...

[AtW]

So they are setting up an EU hub, which will be one eighteenth of the size of the London operation. Not exactly "bye bye UK", is it? The words "clutching" and "straws" spring to mind. Tedious and desperate, even by your standards...

Yeah, it’s like them handful of troops landing in Normandy - not exactlya full scale invasion, right?

[Mordac]

Subscribe to read | Financial Times


Fook business

Daiwa Capital Markets Deutschland, as the new subsidiary is known, is fully functional and the bank’s primary EU hub, backed with its own specific pool of capital and complete with 25 transferred or locally hired staff. The bank still employs about 450 people in the securities business in London.

So they are setting up an EU hub, which will be one eighteenth of the size of the London operation. Not exactly "bye bye UK", is it? The words "clutching" and "straws" spring to mind. Tedious and desperate, even by your standards...