London’s financial landscape could be changed by Brexit (Picture: Getty)

Investment bank Morgan Stanley denied it has started the process of moving thousands of staff out of London.

The BBC had reported that the American investment bank Morgan Stanley planned to relocate around 2,000 employees to Dublin or Frankfurt.

However, a spokesman told Metro the story was ‘categorically false’ but declined to give further information.

Colm Kelleher, president of the bank, told Bloomberg two days ago that Brexit would be ‘the most consequential thing that we’ve ever seen since the war’.


BNP Paribas and JP Morgan were also rumoured to be planning an exit by ITV.

They denied they were in the process of moving staff (Picture: Alamy)

An internal memo to JP Morgan staff reportedly said ‘some roles may move’ over the coming months. Sources say JP Morgan staff were called from their beds in the middle of the night to be told that their roles may be moving to Frankfurt or Dublin.



In a statement, BNP Paribas said: ‘(We) acknowledge the decision of the British people. Our immediate priority is to continue to serve our clients and to bring them the necessary support in order to accompany them in this period of high market volatility.’

Metro has contacted JP Morgan for comment.