Nomura in talks to relocate European hub from London to Paris post-Brexit

Already planning broker dealer in Frankfurt

Japanese bank Nomura is in advanced talks with regulators regarding a move from London to Paris for its European lending hub as it considers its post-Brexit plans, according to reports.

Nomura wants to use the French capital as an alternative banking hub for clients who want to borrow from an EU counterparty, instead of continuing to deal with its existing Europe, Middle East and Africa (EMEA) hub in London, according to the FT. This comes after the group, which employs about 2,300 people in London, already announced plans to set up a broker dealer in Frankfurt, which it will use as its trading hub after the UK leaves the EU in March 2019.  T. Rowe splits European business ahead of Brexit Nomura is also planning to repatriate a small numbers of bankers to the EU c...