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Spanish bank considers move to London

A SPANISH INVESTMENT BANK is considering moving its headquarters from Madrid to London as it believes the UK capital will remain the centre of European business and finance even post-Brexit.

Alantra Partners oversees €3.7 billion of assets and employs 350 people across 21 countries.

Two insiders at the bank told Bloomberg it is considering how many people to send to London.

Alantra Partners’ move to London would buck the trend as financial-services firms look to move staff from London to Europe over fears Brexit will see the UK lose passporting rights that allow for goods and services to be traded freely throughout the union.

Bank of America, Deutsche Bank and Goldman Sachs and are all said to be preparing for a move to the continent in case the UK exits the EU without a trade deal.

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