Barclays Bank to move HQ to Dublin

gleeful

Well-known member
Joined
Feb 7, 2016
Messages
7,520
https://www.bloomberg.com/news/articles/2017-01-26/barclays-said-to-pick-dublin-as-eu-headquarters-after-brexit

"Barclays Plc has settled on Dublin for its main hub inside the European Union after Brexit and is planning to add about 150 staff there if U.K.-based finance companies lose easy access to the trading bloc, according to people with knowledge of the decision.

The bank started scouting the city for office space this month and has been in contact with Irish regulators about expanding its operations, said the people, who asked not to be identified because the plans aren’t public. Barclays is moving ahead with contingency plans so it can continue serving EU clients if Prime Minister Theresa May fails to strike a transitional or permanent deal preserving London’s access within the two-year renegotiation period.

“We have made clear repeatedly that we will plan for a range of Brexit contingencies, including building greater capacity into our existing operations in Dublin,” the bank said in a statement. “Identifying available office space is a necessary and predictable part of that contingency planning process.”
 


gerhard dengler

Well-known member
Joined
Feb 3, 2011
Messages
46,739
https://www.bloomberg.com/news/articles/2017-01-26/barclays-said-to-pick-dublin-as-eu-headquarters-after-brexit

"Barclays Plc has settled on Dublin for its main hub inside the European Union after Brexit and is planning to add about 150 staff there if U.K.-based finance companies lose easy access to the trading bloc, according to people with knowledge of the decision.

The bank started scouting the city for office space this month and has been in contact with Irish regulators about expanding its operations, said the people, who asked not to be identified because the plans aren’t public. Barclays is moving ahead with contingency plans so it can continue serving EU clients if Prime Minister Theresa May fails to strike a transitional or permanent deal preserving London’s access within the two-year renegotiation period.

“We have made clear repeatedly that we will plan for a range of Brexit contingencies, including building greater capacity into our existing operations in Dublin,” the bank said in a statement. “Identifying available office space is a necessary and predictable part of that contingency planning process.”
I dealt with this bank when they were based on St.Stephens Green at the time.
 

gleeful

Well-known member
Joined
Feb 7, 2016
Messages
7,520
I dealt with this bank when they were based on St.Stephens Green at the time.
Thats a regional office. This will be their EU HQ

"Barclays staff moved to or hired in Dublin could include senior managers, derivatives specialists, currency traders, compliance and human resources staff, one of the people said. The bank hasn’t decided when employees will be moved or new hires made, with the timescale determined by how negotiations progress after Article 50 is triggered at the end of March, starting the formal two-year exit process.

The bank already has about 100 employees in the Ireland division, which is run by Sasha Wiggins from its office on the south side of the city center. A Barclays spokesman declined to comment on staffing plans."
 

stopdoingstuff

Well-known member
Joined
Feb 26, 2011
Messages
22,399
Yeah!!!!!!!!! More money for people like me!!!!!!!!!!!!!!!!!!!!
 

Golden Phoenix

Well-known member
Joined
May 21, 2015
Messages
921
How on earth are Barclay's staff going to find accommodation here?
 

statsman

Well-known member
Joined
Feb 25, 2011
Messages
55,055
https://www.bloomberg.com/news/articles/2017-01-26/barclays-said-to-pick-dublin-as-eu-headquarters-after-brexit

"Barclays Plc has settled on Dublin for its main hub inside the European Union after Brexit and is planning to add about 150 staff there if U.K.-based finance companies lose easy access to the trading bloc, according to people with knowledge of the decision.

The bank started scouting the city for office space this month and has been in contact with Irish regulators about expanding its operations, said the people, who asked not to be identified because the plans aren’t public. Barclays is moving ahead with contingency plans so it can continue serving EU clients if Prime Minister Theresa May fails to strike a transitional or permanent deal preserving London’s access within the two-year renegotiation period.

“We have made clear repeatedly that we will plan for a range of Brexit contingencies, including building greater capacity into our existing operations in Dublin,” the bank said in a statement. “Identifying available office space is a necessary and predictable part of that contingency planning process.”
And so it begins.

Trainwreck in denial incoming.
 

Bill

Well-known member
Joined
Feb 1, 2009
Messages
8,115
Almac pharma have announced a new facility in Dundalk to secure access to the single market, 100 jobs
 
Joined
Oct 8, 2011
Messages
39,552
And so it begins.

Trainwreck in denial incoming.
It looks like a positioning operation for the moment. The numbers aren't huge but represent a foot in the door and prepare Barclays for either an expansion or a withdrawal depending on how the negotiations are going.

Good to see our name is in the hat, though.
 

Bill

Well-known member
Joined
Feb 1, 2009
Messages
8,115
yeah I know
 

statsman

Well-known member
Joined
Feb 25, 2011
Messages
55,055
It looks like a positioning operation for the moment. The numbers aren't huge but represent a foot in the door and prepare Barclays for either an expansion or a withdrawal depending on how the negotiations are going.

Good to see our name is in the hat, though.
Agreed, on both counts.
 

'orebel

Well-known member
Joined
Nov 13, 2009
Messages
20,150
Joined
Oct 8, 2011
Messages
39,552
Barclays are nobodies. Jobs are back office nothings. Good news for the UK. Libtards wouldn't understand.

Any other spin required?
Err, Got One; I've Got one!!!!

Here goes:

Any word on the religion of these people? I'm sure you know what I mean.
 


New Threads

Popular Threads

Most Replies

Top