Frankfurt – it’s simply the best choice. Hear from those who know.
“The EU aims to become a global leader in the field of financial integrity. To this end, it is establishing a powerful watchdog to strengthen the fight against money laundering and terrorist financing. The German government is fully committed to supporting AMLA. As the continent’s foremost financial centre, Frankfurt is the right place to ensure AMLA’s operative success from day one. In 2021, the Commission proposed a set of comprehensive measures to step up the EU’s efforts to fight money laundering and terrorist financing, particularly in the area of supervision. The European Council has concluded its negotiations, equipping AMLA with even stronger direct supervisory powers, independent and accountable governance, and an organisational structure specifically tailored to its anti-money laundering tasks.
We now must decide where AMLA’s headquarters will be located. To the German government, the answer is clear. Frankfurt offers AMLA everything it needs to fulfil its functions from day one: first-class infrastructure, state-of- the-art technology and connectivity, a highly qualified talent pool, close proximity to the ECB and EIOPA to support AMLA’s launch, and an excellent quality of life for AMLA’s staff. Locating AMLA in the city of Frankfurt would place SSM and AMLA supervisors in direct proximity to each other. This would strengthen the much-needed cooperation between prudential and anti-money laundering supervision in Europe, delivering valuable synergies that cannot be found anywhere else on the continent.”
Christian Lindner, German Federal Minister of Finance
“Frankfurt, as one of the top financial centres in the European Union and home to the European Central Bank, would be an ideal site for AMLA. In addition to a first-rate quality of life and optimal European transport connections, Frankfurt offers access to a dense network of supervisory expertise, proximity to a wide variety of credit institutions from regional banks to global players, and an ample supply of world-class office space. Frankfurt is Germany’s “capital of green buildings”, which means that AMLA could choose from a range of innovative, sustainable properties. AMLA employees and their families would benefit from Frankfurt’s international dynamism and vibrant cultural landscape while also enjoying a comparatively moderate cost of living. As home to the European School, the Goethe University and numerous centres for financial studies, Frankfurt also offers ideal educational and research opportunities as well as an internationally-oriented talent pool. We are therefore convinced that the financial hub of Frankfurt is uniquely qualified to serve as AMLA’s headquarters.”
Boris Rhein, Minister-President of Hesse
“Frankfurt is proud of its financial hub, its major international airport, the world-famous Frankfurt trade fair and the world’s largest internet hub. And Frankfurt has much more to offer. Numerous theatres, a multiple award-winning opera company and a diverse range of museums form the basis of a lively arts and cultural scene. The banks of the river Main offer a magnificent view of the skyline, which is unique in Europe, and space for sporting activities right in the heart of the city. The diverse gastronomic offerings – from traditional apple wine pubs to Michelin-starred cuisine – also contribute to the extremely high quality of life in the Frankfurt metropolitan area.
The backbone of the city is a dynamic economy with international banks, a strong industrial sector and an excellent research environment. Outstanding career opportunities characterise our city just as much as its sights. Many traffic routes come together at the Frankfurt traffic hub. The well-developed public transport system means that residents can get from the city centre to the airport or desirable residential areas in the city and its surroundings in often less than 15 minutes. Frankfurt is the city of short distances. Attractive day-trip destinations such as the Taunus mountain range are right on the doorstep. All of this makes Frankfurt more than just an insider tip: only here do the advantages of an international metropolis come together with the convenience of great transport connections.”
Mike Josef, Lord Mayor, city of Frankfurt am Main
“Frankfurt is a welcoming city and a perfect location for international organisations. It is a multicultural city with vibrant, diversified and respected business and regulatory communities in the financial sector. Furthermore, it offers a safe environment, excellent transport and many cultural spots. I strongly recommend it.”
Gabriel Bernardino, EIOPA Chairman from 2011 to 2021
“Frankfurt is the city of GoGreen, multicultural, welcoming and affordable. It is a thriving city and offers ample opportunities for work and career growth. Frankfurt is a great city for expats and makes it very easy for expats to settle in – I can confirm this being an expat myself who came to Frankfurt and settled here. Frankfurt is also a young city, with a pool of young talent for finance and banking, whilst on the other hand also being family-friendly. And last but not least, Frankfurt airport and main train station are internationally connected and convenient for hosting meetings, which we frequently do at JPMorgan in Frankfurt.”
Dabin Wang, Executive Director, Electronic Trading, Analytics & Model Risk, J.P. Morgan S.E.
“My relocation from London to Frankfurt in 2019 opened up a world of opportunities both professionally and personally. As a senior leader at the forefront of growing our banking entity in Germany, Frankfurt’s position at the cutting edge of the EU banking industry provided a fantastic platform for networking with clients and stakeholders across the financial industry. On a personal note, as a mother to a 4-year-old son, working in Frankfurt has allowed me to find a healthy balance between work and home life with strong international schools, shorter commutes and beautiful surrounding countryside in close proximity to the city.”
Caroline Haslop, Executive Director, Head of Germany Global Market Operations, Goldman Sachs
“After more than ten years of living in London, Brexit brought me back to Frankfurt – and I did not regret it for a minute. The city has changed and keeps evolving, meeting the requirements of an international banking centre more and more. Frankfurt has an excellent infrastructure, a very cosmopolitan mindset and is located at the centre of Europe. At the same time, the city surprises with many recreational offers and a high quality of life that is certainly unique among all other banking cities. Altogether, Frankfurt offers a unique work-life balance to our very diverse employees, and we're glad to have our UBS Europe SE headquarters right in the centre of ‘Mainhattan’.”
Tobias Vogel, CEO UBS Europe SE