Goldman Adding Dealmakers in Paris as Financial M&A Grows

The narrative goes post Brexit, everyone will flee London’s financial services, everybody will go to continental Europe. Instead, it’s been more. Of a drip feed, but we’re getting more drips from Goldman. What changes are they making? Yeah, so this is a maybe, you know, more of a bigger drip I’d say so their head hard to describe a bigger trip maybe a little bit of a drop. Exactly so Dirk Leavins, the head of financial institutions deal making in EMEA is going to be moved from London to Paris. And we know that his team is going to double in size in the French capital. And Levens in an interview said that there was a Brexit component to this. But this is also a part of the financial institution deal making acceleration that we’re seeing over here in Europe so we know here that. A lot of banks, a lot of insurers, they’ve got extra cash from these higher rates and they want to do something aside from buybacks. So what they’re looking to do is to do some MA, to do some deals, and actually there’s stuff to buy. I’m thinking about some banks like Societe Generale, which are going through some reorganizations. They want to sell some of those units and they’ve got willing buyers. So this certainly has a Brexit component, as Levinson himself said, but it’s also a part of that larger move of that deal making acceleration on this side of the Atlantic.