For some London bankers, if forced to decamp following the U.K.’s vote to leave the European Union, the choice of where to move could come down to infrastructure—for their children.
Cities across Europe have been touting their financial infrastructure, office space and tech savvy. But for executives considering a move to Frankfurt, Paris, Dublin or Amsterdam, factors such as language and schooling options may matter more.
“People won’t accept an assignment if they think it would hurt their children’s education, if the infrastructure isn’t there,” said Simon Murray, director of the International School of Paris, which has “received some exploratory nibbles” from British-based families worried about Brexit.
James Wykes, a British former banker who moved to Frankfurt with his family in 2014, said families with children enrolled in London’s competitive high-end schools may hesitate to remove them if the education abroad won’t prepare them for a potential return later.