Barclays has said that it is considering moving its European headquarters from Dublin to Paris.

In an interim filing for its Irish-based Barclays Europe business, the British bank said that it is exploring a switch for its EU headquarters in an effort to "be closer to the balance of operations" on the continent.

The bank added that this move would lead to a “small number of roles” moving to Paris, and that it is currently carrying out initial engagement with stakeholders and regulators. Any move could take up to two years, but would not involve migrating any clients nor would it impact Barclays’ UK activities.

There are no plans for Barclays to relocate its global headquarters from London.

Barclays said: “Barclays Europe continues to grow and is making an important contribution to the group’s performance. As the entity evolves, we have recognised that to be closer to the balance of operations of our business in Continental Europe, it may be appropriate to relocate our EU headquarters.”

Paris has emerged as a major beneficiary of Brexit, with the UK’s vote to leave the bloc significantly impacting the City of London’s status as a global financial leader. The central bank of France last month said it had exceeded its expectations in attracting banks post-Brexit and that this has been reflective in a boost to the country’s balance of payments.

Elsewhere, Barclays has appointed Gautam Chawla and Amrit David as investment banking co-heads of its financial institutions group (FIG) in the Americas. They succeed Gary Antenberg, who was recently made global chairman of investment banking at the bank.

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