Tags: goldman | ceo | tweets | frankfurt

Goldman CEO Tweets About Spending 'a Lot More Time' in Frankfurt

(Mark Wilson/Getty Images)

Thursday, 19 October 2017 10:39 AM

In a tweet with the hashtag #Brexit, Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein on Thursday hailed “great meetings” he had in Frankfurt and said he will spend a lot more time there.

“Just left Frankfurt,” Blankfein said in the rare post, one of only 20 from his account. "Great meetings, great weather, really enjoyed it. Good, because I’ll be spending a lot more time there."

The German city, frequently described as sleepy when compared with financial centers such as London, has emerged as the biggest winner in the fight for the thousands of London-based jobs that will be relocated inside the European Union in preparation for Britain’s exit from the trading bloc in 2019.

Although few bankers will disparage the city publicly, off the record more than a dozen said they had little interest in moving to a place that has earned the epithet of “Yawnfurt” in certain circles in the City of London.

Goldman has been scouting for office space in Frankfurt that could serve as its new trading hub inside the EU after Brexit, people with knowledge of the matter told Bloomberg in June.

The U.S. bank is considering moving as many as 1,000 employees to the city, a person familiar with the plans said earlier this year.

Deutsche Bank AG Chief Executive Officer John Cryan said the lender’s home city is the best-placed in Europe to win trading business from Brexit.

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In a tweet with the hashtag #Brexit, Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein on Thursday hailed “great meetings” he had in Frankfurt and said he will spend a lot more time there.
goldman, ceo, tweets, frankfurt
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2017-39-19
Thursday, 19 October 2017 10:39 AM
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