BARCLAYS, which employs around 1,000 people locally, expects a “small number” of jobs to move abroad after Brexit, a boss says.

Kevin Wall, chief executive of Barclays Bank Ireland, was questioned at the same meeting of the House of Commons treasury committee as JP Morgan’s Mark Garvin.

He said: “We’re looking at about 150 roles that would need to migrate from London into Europe. We’re looking at about another150 new roles in Europe that would be created as a result of this.

“In the context of tens of thousands of colleagues in the UK, in the context of over 1,000 people in Europe already, those are small numbers.”

He added: “The 150 is what we would have to have in place by the end of March next year. We would anticipate there would be no meaningful additional transfers from London beyond that.”