Posted 2/27/2024, 8:56:21 PM
Wall Street Banks Expand Staff in Paris Despite French Labor Laws
- Wall Street banks like Citi, JPMorgan, and Morgan Stanley have expanded staffing in Paris despite labor law constraints
- Paris has become an EU financial hub after Brexit, attracting banks and hedge funds
- Executives warn they may be hesitant to keep expanding in France due to strict labor protections
- While alluring talent to Paris from London has been challenging, many traders have adjusted and are happy there now
- France is working on new plans to further strengthen Paris's appeal as an EU finance center
