Deutsche Bank considers UK exit plan

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Deutsche Bank has set up a working group which will review whether to move parts of its UK operation back to Germany if Britain votes to leave the European Union.

While a spokesperson of the Bank confirmed to the BBC that the working group has been established, no final decision on the matter has been made yet,

Deutsche has been present in the UK since 1873, currently employing more than 8000 people the majority of whom are based in its London offices.

While other banks including HSBC have warned of the possible implications of a referendum, Deutsche is the first major financial institution to officially review its  position in the UK.

ABOUT THE AUTHOR
Mona Dohle
Mona Dohle speaks German and Dutch, she is DACH & Benelux Correspondent for InvestmentEurope. Prior to that, she worked as a journalist in Egypt and Palestine. She started her career as a journalist working for a local German newspaper. Mona graduated with an MSc in Development Studies from SOAS and has completed the CISI Certificate in International Wealth and Investment Management.

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