JPMorgan Moves Some Paris Traders to London in Brexit Rethink

JPMorgan Chase & Co. is relocating a handful of roles from its Paris trading hub to London, partly because executives believe they overestimated the number of EU-based staff needed to meet post-Brexit rules, people familiar with the matter said.

Various other reasons also underpinned the decision by the US bank to relocate employees including rates traders, the people said. Those include role changes and personal tax considerations, the people said, asking not to be named discussing the private information.

“Paris is the home of JPMorgan’s EU Sales and Trading team, and we are committed to our sizeable operations on ...