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UBS CEO Tells His London-Based Employees To Get Their Tea And Crumpets In While They Still Can

See if you can guess why...
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By Tmail820 ( [CC BY-SA 3.0], via Wikimedia Commons

via Wikimedia Commons

Pack your bags, UBS-ers, and start brushing up on your Polish. Boris Johnson has said he'll give you a ride to the airport.

UBS Group AG may have to move as many as 1,500 jobs from London to elsewhere in the region in the wake of Britain’s decision to leave the European Union, Chief Executive Officer Sergio Ermotti said. "We currently employ more than 5,000 people in London, and probably 20 percent to 30 percent of our workforce could be affected," Ermotti said in an interview with Japanese newspaper Nikkei. "We believe that London will continue to be an important financial center, although maybe not as important as it is today."

UBS’s Ermotti Says Bank Could Move 30% of London Staff on Brexit [Bloomberg]



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