Jobs boost for London as major Dutch bank moves staff into the City

The City has received a boost this week after it was revealed that Dutch bank ING plans to create new jobs in London.

It comes despite the Brexit vote earlier this year, which many thought would cause an exodus of jobs from London’s financial centre.

Up to 60 people from the company’s offices in Brussels will come to London, and The Telegraph reports that more could follow “in due course”.

“Following the Brexit vote, the intention to move some functions to London might seem countercyclical. However, even after Brexit London has and will continue to have a deep labour talent pool to support our business,” Percy Rueber, head of ING Financial Markets, told staff.

But he warned against the proposed “hard Brexit”.

“If the effects of a possible ‘hard’ Brexit filter through to the talent pools in Europe, London may no longer remain an appropriate location for the FM [financial markets] trading function, and FM would consider its response to any such change at that time.”

(Pic: ING)

 

Related Posts

Recent Posts

Canonbury murder: 22-year-old woman arrested

A woman has been arrested following the death of a 29-year-old man who was stabbed in Canonbury early on Monday...

Police hunting man in Croydon murder investigation

Police investigating the shooting of Tino Makwanya in Croydon would like to speak to this man. The murder took place around...

Formally identified Grenfell Tower victim list grows to 18

The number of formally identified Grenfell Tower victims currently stands at 18, police say. Names have been released in agreement...

Wood Green man sent to prison over firearms offences

A man from Wood Green has been sent to prison for seven years for a series of firearms-related offences. Sultan...

Four arrested following Forest Gate protest

Four people have been arrested following a protest outside Forest Gate police station yesterday (Sunday 25th). Police said that a...