Economics
Barclays Could Add Some Frankfurt Jobs If Euro Clearing Shifts
- U.K. lender has held talks to expand in Dublin after Brexit
- Other large banks have announced they favor Frankfurt
The Frankfurt skyline.
Photographer: Martin Leissl/BloombergThis article is for subscribers only.
Barclays Plc, which has been in talks with Irish regulators to expand operations in Dublin following Brexit, could move some staff to its Frankfurt office if euro clearing moves into the euro area, according to the bank’s Germany head.
The market in Germany “doesn’t immediately call for more front office, more client coverage,” Alexander Doll, chief executive officer of Barclays Germany, said at a press briefing Monday. But if euro clearing was moved to the euro area, “we’ll talk about different figures” in Barclays’ markets unit.