It also hosts the world’s largest annual automotive expo – the Frankfurt Motor Show. The Frankfurt Trade Fair (Messe Frankfurt) provides the third-largest exhibition site in the world and hosts exhibitions of engineering plant and machinery, to Christmas decorations. Many other industries and sectors are represented in Frankfurt and this is related to the fact that the city is the host to so many varied international trade shows. Major advertising agencies occupy offices in Frankfurt including McCann-Erickson and Saatchi & Saatchi, and the largest food company in the world, Nestle, has its German headquarters in the district of Niederrad. International law firms have presence in the city including Allen & Overy, Clifford Chance, Cleary Gottlieb Steen & Hamilton, Debevoise & Plimpton, DLA Piper, Taylor Wessing, and White & Case, to name just a few. International management consultancy companies have office space in Frankfurt including McKinsey & Company, Boston Consulting Group, and Capgemini. The credit rating agencies Standard & Poor’s, Moody’s and Fitch Ratings all have offices in Frankfurt. Deloitte is located on Franklinstrasse, and Ernst & Young (EY) is located in Eschborn. KPMG moved its European headquarter offices to The Squaire. Many other industries are represented by large global players in Frankfurt – the ‘Big Four’ accountancy and professional services firms are present and have offices in the city – PwC’s German headquarters are located at Tower 185. have announced that they are considering actually moving their EU office headquarters to Frankfurt which will further justify one of its nicknames of ‘Bankenstadt’ – the ‘City of Banks’. They had to move capital to get EU approval to continue providing services across the territory.Īn increasing number of companies are looking to rent office space in Frankfurt – so far, Morgan Stanley, Citigroup Inc., Standard Chartered Plc and Nomura Holdings Inc. In January 2019, it was revealed that five of the largest banks serving Europe – Deutsche Bank, JP Morgan, Goldman Sachs, Citigroup, and Morgan Stanley had collectively transferred 750 billion euros ($857 billion) of balance-sheet assets to Frankfurt. Since the UK’s vote to leave the EU, there has been a steady outpouring of money and jobs in the finance sector and much of it has been Frankfurt-bound. It is home to the European Central Bank (ECB) and is the geographical centre of the European Union (EU) so it goes without saying that it, and the country that it belongs to, is an active member of the largest single market in the world. Frankfurt is the financial capital of Germany and is ranked in the top 10 of global financial centres, packing quite a punch for a city with a population of less than 1m.
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