If Deutsche Bank AG chief executive officer Christian Sewing has his way, Frankfurt will be Europe’s new London.
“There’s a passionate debate about which European city should be the continent’s counterpart to London, New York and Singapore” after Brexit, Sewing said at a conference in the German financial capital last Friday. “You won’t be surprised by me saying that Frankfurt should be the natural choice.”
Sewing made a half-joking reference to that rivalry between cities as he addressed the chairman of BNP Paribas SA who was also at the conference.
“Jean Lemierre will most probably argue that Paris has its advantages, too,” Sewing said. “I think we need to make this sporty: competition will make Frankfurt and Paris better.”