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UBS Group AG has picked Frankfurt as its post-Brexit European Union hub and has made preparations for the worst-case scenario of Britain crashing out of the bloc without a deal, Chief Executive Officer Sergio Ermotti said.
The Swiss bank made the decision a few weeks ago, Ermotti said in a Bloomberg Television interview in Singapore on Monday. While Germany’s financial center will be the base, UBS will employ a multi-location strategy in the region, he said, naming offices in Madrid, Paris and Milan. Comments are closed.
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March 2021
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