Credit Suisse will have Frankfurt as a key center post-Brexit for its investment banking and capital markets business. The bank said it has already moved assets worth several hundred million dollars to support the new hub. The bank is also moving 50 traders to Madrid and confirmed it had been granted a new brokerage license in Paris. In Frankfurt, the bank is re-purposing an existing entity so that it can become part of the group’s Investment Banking & Capital Markets unit, which advises companies on mergers and acquisitions, raising debt and equity. The bank is also expected to move some bankers to other EU corporate centers, as well as its Paris brokerage.
