Frankfurt on front foot for flurry of Brexit moves
Nearly 20 banks have committed to Frankfurt since the Brexit vote, according to German officials, with rival cities still vying for the 60 remaining firms yet to decide on a new EU hub when Britain quits the single market.
Tarek al-wazir, economy minister for the German state of Hesse, which includes Frankfurt, said the city had managed to attract top banks and added that he was confident that the next wave of decisions would come out in its favour.
“We’ve got 18 entities ... that have committed,” he said.
Wazir said: “There will be other entities who are in the decision process now, so we’re in contact with some of them.
“Of course, we’re not able to say who they are but, at the end if you compare everything that happened since the Brexit referendum and if you compare the real decisions made, I think we (as a financial centre) are number one on the Continent and I’m sure this will continue.”