Belfast Telegraph

UK Website Of The Year

Barclays eyes expansion of Dublin office in Brexit plan

By Kalyeena Makortoff

Barclays is considering expanding its Dublin offices after the UK leaves the EU, the latest in a string of banks reacting to the expected loss of access to the single market.

The Irish capital is one of a number of EU cities the lender is eyeing as part of contingency plans, although it is not clear whether London-based jobs would be moved or if new staff would be hired.

Barclays, led by Jes Staley, already has a subsidiary and banking licence in Dublin - where around 100 staff are employed - giving it access to the single market after Brexit.

It has operations in other EU cities including Madrid and Paris.

Barclays said: "We have 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."

Belfast Telegraph


From Belfast Telegraph