ING to Move Trading Operations From London to Brussels Following Brexit
31 Gennaio 2020 - 05:01PM
Dow Jones News
By Sabela Ojea
ING Groep N.V. (ING) said Friday that it is moving some of the
trading operations of its Financial Markets department from London
to Brussels.
The Dutch bank said this will affect around 30 trading jobs and
around 15 related risk-management roles that include products such
as interest-rate derivatives and bonds.
The lender said that this move was driven by the fact that,
following Brexit, the European Central Bank will classify the U.K.
as a non-European Union or third country.
The implementation of the plan will start as soon as possible,
the lender said.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
January 31, 2020 10:46 ET (15:46 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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