US EditionPublished • loading... • Updated
Barclays to Relocate European Headquarters to Paris From Dublin
Barclays plans to relocate its EU headquarters to Paris by early 2027 while maintaining a strong corporate and private banking presence with 356 Dublin staff, the bank said.
- Barclays confirmed it is proceeding to relocate its EU headquarters from Dublin to Paris, Francesco Ceccato called the step `a strategic milestone` to better serve continental Europe.
- After August 2023, Barclays said it was weighing a move less than five years after choosing Dublin post-Brexit, prompting a re-evaluation of its Irish hub.
- Its Paris office has increasingly become a trading centre for the unit, but the bank said it will retain corporate banking and private bank businesses with 356 Dublin-based client-facing and operational colleagues.
- Regulators must clear the relocation before it proceeds, and sources said the move, expected next year, will have a minimal impact on jobs in Dublin.
- Conversion to a Societas Europaea will precede the HQ relocation, which is expected to finalise in the first half of next year in Paris, France.
Insights by Ground AI
14 Articles
14 Articles
Barclays to relocate European headquarters to Paris from Dublin
Barclays said on Wednesday it will relocate its European headquarters from Dublin to Paris as it seeks to bring decision-making closer to the majority of its investment banking operations on the continent.
·United Kingdom
Read Full Article
The British bank chose the French capital to bring together "the decision-making centres of the majority of the group's investment banking activities in continental Europe".
·France
Read Full Article
Coverage Details
Total News Sources14
Leaning Left4Leaning Right1Center2Last UpdatedBias Distribution57% Left
Bias Distribution
- 57% of the sources lean Left
57% Left
L 57%
C 29%
14%
Factuality
To view factuality data please Upgrade to Premium
