Financial services firms operating in the UK have shifted about 7,500 employees and more than £1.2-trillion (R25.8-trillion) of assets to the European Union (EU) ahead of Brexit - with more likely to follow in coming weeks, according to EY.

About 400 relocations were announced in the past month alone, the consulting firm said in a report that tracks 222 of the largest financial firms with significant operations in the UK.

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