It's happening: major U.S banks appear to be strengthening their teams in the European Union after Brexit.
Following last week's appointment of Sebastian Mentzen from BNP Paribas as a VP in Morgan Stanley's Frankfurt syndicate desk, it seems other U.S. banks are also strenghtening their presence in the German financial centre.
Goldman Sachs hired Tilman Anger from DWS Group as a Frankfurt-based executive director in asset management institutional sales. JPMorgan hired Tanja Moral Santiago from UBS as an executive director in corporate client solutions, and Christine Schmitz from ING as an executive director in corporate client solutions.
All three joined in January according to their LinkedIn profiles.
The new hires follow the U.K.'s exit from the European Union on January 1st. Credit Suisse, which is making Spain one of its key post-Brexit locations, has also recruited Javier Cañizares from SocGen as a director in its pensions solutions business in Madrid.
All the new hires were working in Europe already, although Anger previously worked in London.
Last year, Kristine Braden, who heads Citigroup's broker dealer in Frankfurt, said competition for talent was intense in the German city: “We suddenly need trading capacity, compliance people, finance people, M&A bankers … it’s amazing how much competition there is right now in the talent pool”.
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