This major European bank remains committed to Canary Wharf move despite Brexit vote
Some may have predicted an exodus of bankers after Brexit, but one major European player has confirmed to City PM it still plans on keeping a UK presence.
A spokesperson for Societe Generale has confirmed the bank intends to move into its Canary Wharf base in 2019, as had been previously planned.
Soc Gen also acquired Kleinwort Benson earlier this year, giving the French banking giant deeper roots into UK soil. The private bank is due to be fully integrated into Societe Generale's business by early 2017.
"We have always stated publically that whatever the outcome of the referendum, we remain fully committed to our UK platform, to our businesses and to our clients," a spokesperson for Societe Generale said. "The recent acquisition of Kleinwort Benson in the UK, and our move to Canary Wharf in 2019 is a strong confirmation of this commitment."
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Societe Generale first announced it was moving to the east London business hub in late 2014, signing on to take several floors at the new 1 Bank Street building on a 25 year lease.
The investment bank was also among one of the first to quash rumours it was planning a significant shift out of London following the Brexit vote. According to the FT, on the Tuesday following the vote, UK chief Ian Fisher confirmed in a speech at the Victoria and Albert Museum that the bank would remain committed to the UK.