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Paris lures 30 asset managers as Brexit heats up race for financial hub crown

Banks and asset managers are adding 4,000 new jobs in Paris as a result of Brexit, which would lead to another 20,000 indirectly

Paris lures 30 asset managers as Brexit heats up race for financial hub crown
Photo: Getty Images

Thirty asset managers have set up new offices in Paris since the EU referendum, as the French capital competes to become the biggest beneficiary of Brexit among EU financial centres.

Valerie Baudson, head of the investors committee of Paris Europlace, which promotes the city as an international financial centre, said banks and asset managers were adding 4,000 new jobs in Paris as a result of Brexit, which would lead to another 20,000 indirectly.

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