Sources within Deutsche Bank have indicated that most of the jobs will move to the company’s headquarters in Frankfurt as well as Berlin after the UK has left the bloc.
An official spokesperson for the company declined to comment.
Previously, the Chief Executive John Cryan told Bloomberg that the bank aimed to relocated what it did in London to Germany by April 2019 and took a swipe at the City’s credentials as hub of banking activity by saying Deutsche Bank’s booking were now mainly in Germany and London acted as a “branch”.
GettyDeutsche Bank is looking to move 4,000 staff out of the City of London
However, at the time he remained unclear as to how many jobs would leave London.
He said: “Whether we have an adjustment to where our people are depends really on what a Brexit looks like and what the rules are.
“What we’ve said is, from the perspective of contingency planning, we need to ensure that we can do in Germany in April 2019, pretty much everything that we can do in London today.
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Britain's Foreign Secretary Boris Johnson holds a tuatara lizard during his visit to the Zealandia wildlife santuary in Wellington
“We know that means moving, adding at least, some operations people here in Germany. I’m not sure