UBS' Orcel Says People May Not Want to Move Due to Brexit

The transcript discusses the complexities of choosing a location in Europe for financial institutions post-Brexit. It highlights the challenges of relocating employees, including family considerations and talent availability in the local market. The decision-making process involves evaluating logistical support, transitional arrangements, and the viability of cities like Frankfurt, Madrid, and Amsterdam. Each city presents unique challenges and opportunities, and institutions must consider these factors in their strategic planning.

What is a major factor to consider when relocating employees to a new location?

• The weather conditions of the new location

• The willingness of employees to move

• The cost of living in the new location

• The local cuisine

Why is it challenging for financial institutions to implement relocation strategies related to Brexit?

• Uncertainty about the duration of transitional arrangements

• Lack of available office space

• High cost of relocation

• Cultural differences in new locations

What logistical support is crucial for relocating employees?

• Housing and schools

• Access to shopping centers

• Proximity to tourist attractions

• Availability of public transportation

What is a potential challenge when relocating to Frankfurt within a short time frame?

• Weather conditions

• Cultural adaptation

• Availability of talent and resources

• Language barriers

Which cities are being considered for relocation according to the transcript?

• Paris, Berlin, and Rome

• Madrid, Amsterdam, and Frankfurt

• London, Dublin, and Brussels

• Vienna, Zurich, and Milan