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Marc Bürki, CEO of Swissquote. Photo credit: Swissquote 

Marc Bürki, the Swiss bank’s CEO, told Bloomberg in an interview on 13 November:

“Whether a soft or a hard Brexit, it is becoming very unlikely that we will be able to serve European retail clients out of our London hub.”

In August Swissquote bought Internaxx, based in Kirchberg, to secure access to the EU single market after Britain quits the bloc.

Nevertheless, Bürki said on Tuesday that:

“London is still a very attractive place for business and the London hub will stay active also after Brexit.”

He also stated that:

“London remains an important hub for FX but will see its position weakened with Brexit, hard or soft.”

The firm employs 30 staff in London, Bloomberg reported.