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Morgan Stanley to decide on Brexit staff moves early this year

Published 01/31/2018, 05:35 AM
Updated 01/31/2018, 05:40 AM
© Reuters. The Morgan Stanley logo is displayed at the post where it is traded on the floor of the NYSE in New York
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DUBLIN (Reuters) - Morgan Stanley (N:MS) will make decisions on redeploying staff to its chosen locations of Frankfurt, Paris and Dublin as a result of Brexit very early this year, its president said on Wednesday.

"We'll be making decisions very early this year. What the politicians don't understand is these are people," Colm Kelleher told a conference in Dublin, in reference to Britain's planned exit from the European Union in March 2019.

© Reuters. The Morgan Stanley logo is displayed at the post where it is traded on the floor of the NYSE in New York

Asked if the bank would need to know by the end of March the terms of the transition agreement that will ease Britain out of the bloc, Kelleher said that was "pretty fair" and that the size of any moves would depend on the shape of the Brexit deal.

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