France is laying out the red carpet for the finance industry today as it seeks to lure 20,000 finance jobs from the UK following its exit from the European Union.
JPMorgan chief executive Jamie Dimon and HSBC’s Stuart Gulliver are meeting with politicians and executives in Paris today, Bloomberg reports.
They are attending the Paris Europlace forum where Prime Minister Edouard Philippe will give the keynote speech.
Paris Europlace, the main financial lobby group in France, says the country aims to lure 20,000 following Brexit.
HSBC, which has a French retail bank, is the only major international bank to publicly state a preference for Paris stating it may relocate as many as 1,000 bankers there. JP Morgan has stated a preference for Frankfurt, Luxembourg and Dublin.
The French finance industry is hoping the election of President Emmanuel Macron, a former investment banker, will make the country more appealing to UK banks as he prepares to cut taxes and overhaul French labour laws.
His predecessor Francois Hollande had previously described finance as “the enemy”.