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French President Emmanuel Macron rolls out red carpet to JPMorgan, global CEOs in post-Brexit push

JPMorgan’s new trading floor in central Paris is the latest example of how Brexit is changing Europe’s financial landscape since January.

June 28, 2021 / 08:31 AM IST
File image of French President Emmanuel Macron (Image: Reuters)

File image of French President Emmanuel Macron (Image: Reuters)

President Emmanuel Macron will declare that Paris is back on the map of global finance on June 29 when he inaugurates JPMorgan’s new trading hub in the French capital which he hopes will attract more bankers leaving post-Brexit Britain.

The U.S. bank’s chief executive, Jamie Dimon, will be one of almost 120 international CEOs travelling to Versailles on Monday for Macron’s now traditional “Choose France” summit in which he pitches France as an investment destination.

The day after, Dimon and Macron will visit JPMorgan’s new hub in central Paris, a stone’s throw away from the Louvre museum, where about 440 employees will be based, many having relocated from London.

Macron’s advisers say that is testament to the appeal of France’s pro-business reforms implemented since the former investment banker’s election in 2017.