The BBC has reported that key staffs for Morgan Stanley’s investment banking is being moved from Britain’s financial hub to locations either in Dublin or Frankfurt.

Morgan Stanley has rejected media reports that it has begun moving 2,000 investment banking related staff out of London in the wake of Britain choosing to leave the European Union.

The BBC had earlier reported today, that the U.S. investment bank has begun the process of moving its key investment banking related jobs from Britain’s financial hub to either Frankfurt or Dublin.

Although Morgan Stanley’s spokesman has stated that BBC story is not true, he has however declined to elaborate on the report.

Categories: Economy & Finance, HR & Organization, Strategy

Tags: Top, Morgan Stanley, Financial hub, England, Brexit, Dublin, Frankfurt, investment bank, key staff, banking, EU, European Union,