Morgan Stanley's Colm Kelleher raises the possibility of moving EU HQ to 'either Frankfurt or Dublin' in the event of Brexit
June 24th: Despite a denial that Morgan Stanley has decided to relocate some 2,000 jobs to either Frankfurt or Dublin, the investment bank's president of Global Financial Services, Colm Kelleher says in an interview on Bloomberg TV that, post Brexit, the bank's contingency plans involve looking at options of moving the bank's European HQ, to either Frankfurt or Dublin. He jokingly says that he would prefer Dublin, for obvious reasons.
See the interview here

Morgan Stanley has a substantial existing business in Ireland, and is a client company of IDA Ireland, and Colm Kelleher, was the keynote speaker at the IDA Ireland EFF conference in Dublin in Dublin in January this year.

In a statement commenting on the referendum result and implications for investment in Ireland today, IDA Ireland's Chief Executive Martin Shanahan said: “IDA Ireland's view throughout this period has been that Ireland would benefit overall from the UK remaining a member of the European Union, however now that there is certainty on the result IDA Ireland will liaise directly with its 1200+ client companies and potential investors over the coming weeks in order to work with them on the implications of the vote.

He said that while “the exact implications of the result would not be known for some time, and IDA Ireland would take stock of developments as clarity emerges. While not what we had hoped for – the situation may present opportunity for Ireland in attracting Foreign Direct Investment (FDI). Ireland will remain a member of the European Union with full market access and that will be attractive to investors.”

"As the Irish Government has said today, Ireland is a strong, open and competitive economy.

He said Ireland's advantages for inward investment remained intact, despite the outcome of the vote this week.

“Ireland’s proposition to inward investors will continue to resonate. Our deep and varied talent pool, competitive and consistent tax regime and long track record of working with foreign companies is something that companies are interested in. The fact that Ireland is English-speaking and a member of the EU and Eurozone is also attractive.”