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Goldman, Morgan Stanley scout office space in Germany for post-Brexit plans

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Goldman, Morgan Stanley scout office space in Germany for post-Brexit plans

Goldman Sachs Group Inc. and Morgan Stanley are examining office space in Frankfurt as part of their post-Brexit plans, "people with knowledge of the matter" told Bloomberg News.

Goldman Sachs is weighing options including renting space in Frankfurt's Skylight building, which is occupied by Skandinaviska Enskilda Banken AB. However, the U.S. lender has not signed any new leases and is looking initially to take additional space in the building it already occupies, according to one of the people.

SEB's head of Germany, Johan Andersson, told the Borsen-Zeitung earlier in 2017 that the lender was planning to lay off employees in Frankfurt, although the bank told Bloomberg that it is using all its office space and that it was too early to comment on a potential downsizing.

Meanwhile, Morgan Stanley is considering leasing space in the Taunusanlage 8 building, which is owned by Credit Suisse Group AG's asset management division and has enough space to hold approximately 1,500 staff, one of the people added.