RBS to Move ‘Tens’ of Staff After Brexit, Chairman Davies Says
- Ulster Bank in Dublin likely to be lender’s European hub
- Transition period key for London’s banks to avoid disruption
RBS Chairman Says 'Tens' of Staff to Move After Brexit
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Royal Bank of Scotland Group Plc Chairman Howard Davies indicated the U.K. taxpayer-owned bank would probably pick Dublin as its European Union base following Brexit and may have to move “tens” of employees from Britain to other offices.
“In our case we don’t have a problem because we do own a euro-zone bank in the form of Ulster Bank,” Davies said in a Bloomberg Television interview on Wednesday. “Probably we would have to move some people, but we are talking tens of people, not the numbers other banks are talking about."