France is in discussions with 30 to 50 asset managers that are looking to set up operations in Paris after the U.K. leaves the EU, an official with France's AFG asset management association told Reuters.

AFG's international ambassador, Jean-Louis Laurens, told the newswire that London-based asset management companies may have to shift between 5,000 and 10,000 jobs to various cities in the EU, and that the election of French President Emmanuel Macron has catalyzed efforts to attract business to Paris.

"I have never seen so much alignment in the government to make France attractive as a financial center," Laurens said. He added that the AMF market regulator held a call with 53 senior executives of U.K. and U.S. asset managers to go over how to set up new companies in France and how it could assist in the process.