Lloyd’s of London and Royal London set up subsidiaries external of UK as JP Morgan and Citigroup explore relocation optionsA growing number of leading City firms occupy revealed they are now laying the groundwork for an exodus of thousands of jobs from London after Britain’s vote to leave to EU.Just a day after Theresa May formally triggered the process for Brexit it was confirmed that the insurers Lloyd’s of London and Royal London are setting up subsidiaries external the UK, while the investment banks JP Morgan and Citigroup are actively exploring the relocation of key operations. Related: Cheap housing gives Frankfurt and Brussels edge as alternative to London Related: JP Morgan 'considering Dublin move' as Lloyd's of London picks Brussels - as it happened Continue reading...
Source: theguardian.com