Japanese megabank MUFG said Wednesday it decided to move its European securities division from London to Amsterdam as the firm prepares for Brexit. Mitsubishi UFJ Securities Holdings has decided to apply for a license to establish a new subsidiary in Amsterdam, MUFG said after narrowing down a list…
Japanese megabank MUFG said Wednesday it decided to move its European securities division from London to Amsterdam as the firm prepares for Brexit.
Mitsubishi UFJ Securities Holdings has decided to apply for a license to establish a new subsidiary in Amsterdam, MUFG said after narrowing down a list of favourites, which also included Paris.
Britain is at risk of losing the „passporting rights“ financial firms use to deal with clients in the rest of the European bloc.
That, along with political uncertainty surrounding Brexit negotiations, has spurred foreign companies that have set up shop in Britain, or established European headquarters there, to begin looking for alternative locations.
