Spanish Bank Eyes Post-Brexit HQ in London

Spain’s Alantra Partners SA is considering moving its headquarters from Madrid to London in a bet the U.K. capital will remain the center of European business and finance even after Brexit, according to two people with knowledge of the matter.

The investment bank and money manager, which oversees 3.7 billion euros ($4.4 billion) of assets and employs about 350 staff in 21 countries, is weighing how many workers it might deploy in London if it completes the move, the people said, asking not to be identified because the plan is private. A spokeswoman for Alantra declined to comment.

The firm’s shares closed at the lowest since Dec. 27, after falling almost 1.5 percent to 13.30 euros in Madrid trading.

The relocation would buck the trend for financial-services firms to plan for staff moves from London to the continent in case Britain’s departure from the European Union sees it lose the passporting rights that allow for goods and services to be traded freely throughout the bloc. Goldman Sachs Group Inc., Deutsche Bank AG and Bank of America Corp. are all said to be bolstering their operations in cities such as Frankfurt and Paris in case the U.K. crashes out of the EU without a trade deal.