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Morgan Stanley picks Frankfurt as post-Brexit hub

US bank becomes the latest in a series of its peers to announce it is staffing up in Germany's finance capital

Morgan Stanley picks Frankfurt as post-Brexit hub
Photo: iStockPhoto

Morgan Stanley has chosen Frankfurt as its post-Brexit hub in the European Union, according to a person familiar with the matter, becoming the latest global bank relocating to the German city.

The decision could see Morgan Stanley shift around 200 jobs from the UK to the German city, doubling the US lender's headcount in Frankfurt to 400, according to the person.

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