The UK’s decision to leave the EU has prompted debate over which financial centres could take over parts of London’s business and, indirectly, has encouraged reflection on where to base support services operations more efficiently.
Warsaw appears the largest beneficiary of the exercise. Following June 2016’s Brexit vote, it is estimated that financial services foreign direct investment (FDI) into the Polish capital will eventually generate more than 4000 new jobs, according to greenfield investment monitor fDi Intelligence. Most of these will be support services roles.