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...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.