Brexit Led Over 440 Finance Firms to Shift Some Business to EU

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The U.K.’s departure from the European Union pushed more than 440 financial firms to move at least some of their operations, staff, assets or legal entities from Britain to the bloc.

That includes 126 asset management firms, 81 banks and 65 insurers, according to a report published Friday by New Financial, a London-based think tank.

Sector Shifts

More than 440 finance firms have shifted business from the U.K. on Brexit

Source: New Financial, April 2021

The moves have so far resulted in about 7,400