Goldman Sachs is not ruling out moving staff from the UK to Europe following Brexit...

London Independent
June 30, 2016

Goldman Sachs has not ruled out moving some of its staff out of the UK, following Britain’s vote to leave the EU.

Richard Gnodde, the co-head of the investment banking division of Goldman Sachs said, that “every outcome is possible” when asked if the bank plans would involve moving some of its employees to Eurozone cities in the wake of the EU referendum.

“If passporting was totally removed, we would have to adjust our footprint and where people were located,” Gnodde said at a conference in London this week.

Passporting is considered the most significant feature of the EU single market for banks and financial institutions.

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