Paris hails arrival of finance jobs from London
More than 3,000 financial sector jobs have relocated from London to Paris as a result of the UK's vote to leave the European Union, according to a report from a lobby group in the French capital.
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Paris Europlace JPMorgan and Japan’s Nomura among those that had shifted large numbers of asset managers and other staff to Paris, along with French banks BNP Paribas and Societe Generale, which have extensive operations in Britain. Bank of America and Goldman Sachs have also chosen Paris for their European trading platforms.Overall, the group said that sectors such as healthcare and car manufacturers had, along with finance, increased the number of jobs in Paris by an estimated 5,000.Arnaud de Bresson, the chief executive of Paris Europlace, said he believed that 10,000 jobs would be created in finance alone in Paris as a result of Brexit. “We believe that we will have an acceleration in transfers from London” once Britain formally leaves the single market at year's end, he added.
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