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The City has the richest bankers, but Brexit sees 100 flee

Senior dealmakers are increasingly shifting from the UK to Europe

By Paul Clarke
The moves to the continent were largely down to Brexit relocations, which have sped up this year after the UK formally left the bloc in December
The moves to the continent were largely down to Brexit relocations, which have sped up this year after the UK formally left the bloc in December Photo: Getty Images

Nearly 100 top-earning bankers left the UK for other European Union countries ahead of Brexit, new figures from the European Banking Authority show, but the City remains by far the top location for investment bankers earning over €1m.

The European regulator, which produces an annual survey of top-earning bankers in the region, showed that 96 left the UK in 2019, the latest period for which numbers are available, with France, Germany and Italy seeing sharp percentage increases in the number of dealmakers.

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