As Brexit approaches, banks are discovering a potential advantage to moving sales and trading jobs away from London: the flexibility to locate jobs wherever the best candidates are to be found in Europe.
Standard Chartered is a case in point. The UK-based emerging markets-focused bank has begun advertising senior fixed income sales jobs that can be located in either Paris or Frankfurt, depending upon where, "the best talent," is to be found.
Standard Chartered is advertising for both a director of credit sales in Frankfurt or Paris, and for a director of macros sales in either city. Candidates need to speak either German or French respectively.
Standard Chartered is also looking for a head of emerging market credit sales, to be definitively based in Frankfurt.
The bank declined to comment on its job adverts, which come as banks appear to be ramping-up their front office markets recruitment in continental Europe ahead of Brexit. As we reported yesterday, Barclays is advertising a dozen fixed income trading jobs in Frankfurt.
Reuters reported in March that Standard Chartered had begun interviewing for 20 jobs in Frankfurt. However, it emerged earlier this month that the bank may have to wait until autumn for its Frankfurt branch to gain regulatory approval as its EU subsidiary.
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