Societe Generale picks Paris over Warsaw for the post-Brexit job relocation

French lender, Societe Generale has decided to move part of its operations from London to Paris, the company’s CEO Frederic Oudea. “In this scenario, in the light of the decisions taken by the government, we will concentrate the relocations in France,” he said, as the company plans to move some 300-400 corporate and investment banking jobs from London due to Brexit. According to various media reports, Warsaw was also considered as a possible location, but due to recent developments in France, Societe Generale decided to move its personnel to Paris. “When the government says it considers finance as important economic sector, a sector of excellence for France, and that this government wants to encourage finance,” Oudea said.