Credit Suisse Still Assessing Exact Scope of Brexit Banker Moves

Credit Suisse Group AG’s chief executive officer said the lender will keep evaluating how many bankers will leave London due to Brexit.

The bank currently plans to move between 250 and 300 people from London, Thomas Gottstein said at a conference in Zurich on Wednesday. Some of those bankers will go to Madrid, where the Swiss bank is building a euro-area investment banking hub.

The precise number will depend on how the final months of negotiations develop between Britain and the European Union and how London’s status as a financial center evolves.

Gottstein’s comments are a reminder that more than ...