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Barclays reported to be planning to make Dublin its EU headquarters after Brexit Barclays to keep global HQ in London no matter outcome of Brexit
(about 1 hour later)
Barclays is preparing to make Dublin its headquarters for the European Union when Britain leaves the trading bloc, Reuters reported on Thursday, citing a source familiar with the matter. Barclays has reiterated that it will keep its global headquarters in London even after the UK leaves the EU, in response to media reports that it was planning on establishing a European headquarters in Dublin.
The report follows a slew of comments from top UK bank executives relating to how their business structures might change after Brexit. Earlier in the day, Bloomberg had reported that Barclays had settled on Dublin for its main hub inside the EU after Brexit. 
Speaking at the World Economic Forum in Davos, Switzerland, last week the boss of UBS’ investment bank, Andrea Orcel, said that his bank would definitely have to move some jobs out of the UK, echoing similar remarks made by HSBC’s chief executive Stuart Gulliver. “The idea that a decision has been taken is not correct,” a spokesman for Barclays told The Independent.
Also speaking at the conference, Jes Staley, Barclays’ chief executive, defended London’s status as financial hub. He said that Barclays’ global headquarters would remain in London no matter the outcome of Brexit negotiations.
Barclays currently employs around 100 people in Dublin. 
Thursday’s report followed a slew of comments from top UK bank executives relating to how their business structures might change after Brexit. 
Speaking at the World Economic Forum in Davos, Switzerland, last week the boss of UBS’ investment bank, Andrea Orcel, said that his bank would definitely have to move some jobs out of the UK, echoing similar remarks made by HSBC’s chief executive Stuart Gulliver.
Also speaking at the summit, Jes Staley, Barclays’ chief executive, defended London’s status as financial hub.
“I don't believe that the financial centre of Europe will leave the city of London,” he told the BBC. “There are all sorts of reasons why I think the UK will continue to be the financial lungs for Europe”.“I don't believe that the financial centre of Europe will leave the city of London,” he told the BBC. “There are all sorts of reasons why I think the UK will continue to be the financial lungs for Europe”.
Reuters on Thursday quoted a spokesman for Barclays in London saying that the banks had “made clear repeatedly that we will plan for a range of Brexit contingencies, including building greater capacity into our existing operations in Dublin."Reuters on Thursday quoted a spokesman for Barclays in London saying that the banks had “made clear repeatedly that we will plan for a range of Brexit contingencies, including building greater capacity into our existing operations in Dublin."
"Identifying available office space is a necessary and predictable part of that contingency planning process," the spokesman said, according to Reuters. "Identifying available office space is a necessary and predictable part of that contingency planning process," the spokesman said, according to Reuters.