Frankfurt could become a miniature version of London after Brexit, a city official has predicted, after a study said tens of thousands of jobs would be created, bolstering Germany's banking capital.
The research, commissioned by the city's chief promoter, is the first comprehensive tally on possible job creation in Frankfurt, as London, its dominant British rival, prepares for life outside the EU.
The analysis predicts there will 10,000 bankers and finance professionals in Frankfurt within four years and that their arrival could create more than 41,000 further jobs, from estate agents to taxi drivers and building workers.
"It's not the City of London but perhaps it can become a little London," said Oliver Schwebel, chief executive of Frankfurt Economic Development, the state agency that promotes the city known for skyscrapers that house Deutsche Bank and others.
Britain's departure from the EU has prompted banks and investors in London to examine other cities to keep a foothold in the bloc, allowing them to sell across the continent without additional costs or trade hurdles after Brexit.