A&O advises Nomura on moving business to Germany to avoid hard Brexit disruption

Magic circle firm takes lead role for bank on plans to transfer business to new Frankfurt hub

Allen & Overy (A&O) is advising Nomura on the transfer of client business from London to Germany, as the Japanese banking giant prepares for the implications of a possible hard Brexit.

The bank has contacted its EU-based clients to inform them of plans to transfer business to its newly launched Frankfurt hub to guard against potential disruption when the UK leaves the EU in March next year.

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