JP Morgan in EU plea to staff

÷ JPMORGAN, which employs about 10,000 people in London, has asked “several dozen” employees to relocate across the EU before the UK formally leaves the bloc in March next year.

The staff, drawn from JPMorgan’s investment bank and other units including asset management, will begin moving at the end of the year, according to an internal memo.

The New York-based bank is bolstering operations in Madrid, Paris, Milan and “other locations” along with Dublin, Frankfurt and Luxembourg, where it has banking licences.