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UBS has chosen Frankfurt as its post-Brexit EU base

9 monthes ago   |   By Business Insider

Arnd Wiegmann/Reuters
UBS CEO Sergio Ermotti said that the bank has chosen Frankfurt for its post-Brexit EU headquarters.
"The financial system is already operating on the assumption that there is no agreement," he told Bloomberg.
Major financial institutions are in the process of choosing new EU hubs to mitigate the impact of Britain leaving the bloc.
Most non-EU institutions currently have their EU bases in London.
Switzerland's largest bank, UBS, has chosen German financial hub Frankfurt as its new EU headquarters as it puts in place contingency plans for the possibility of a no deal...
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