British businessman and the CEO of Deutsche Bank was amongst the first wave of companies planning to leave London and set up offices in Germany as the referendum results came in.
He had earlier planned to move the entire operations of the Deutsche Bank from London to Frankfurt in case of a Hard Brexit, which caused a massive furore. The bank is now planning to move less than 4000 jobs abroad, giving the professionals a sigh of relief.
Britain is expected to lose financial passport rights, which allow banks with a base in the UK to sell products and services to customers and financial markets across the EU.
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