BCG Study: Frankfurt Most Attractive Destination for London’s Bankers

A recent survey by the Boston Consulting Group (BCG) examines financial centres which could be viable alternatives to a post-Brexit London. Nearly 360 decision makers from banks in the United Kingdom, USA and Germany evaluated nine potential locations on fourteen criterion, including but not limited to infrastructure, business environment, stability, lifestyle factors, access to markets and institutions. The results of the online survey, conducted in June 2016 before the UK’s EU referendum, shows the Financial Centre Frankfurt am Main leading the ranks. Dr. Wolfgang Dörner, Senior Partner and Director of BCG’s Frankfurt office, explains that “the economic and political stability in Germany combined with access to a highly qualified talent pool make Frankfurt am Main a leading choice in location.” According to the study, around twenty percent London’s financial services jobs could shift to other global financial centres. Uncertainty still prevails for most in London’s financial centre, but one thing is certain: Frankfurt is ready and well positioned to welcome those in need of a new home.

 

Press release from Boston Consulting Group (German).