Nordea, which will move its headquarters from Sweden to Finland this year, expects to deliver annualised cost synergies of about 25 million euros ($29 million) from the combined company's cost base by 2022.
Societe Generale, Credit Agricole, Santander, and Millennium bcp declined to comment.
Barclays has 10 offices in EMEA, located in Paris, Frankfurt, Madrid, Lisbon, Milan, Zurich, Dublin, Amsterdam, Stockholm and Tel Aviv. Nonetheless, all but one of the new hires are based in London.
"In times of low interest rates, many customers are interested in finding additional sources of return," Hanegraaf said
Christian Sewing, the new CEO of Germany’s largest bank, said that the German and European markets were too fragmented, with disparate rules on insolvency, consumer protection, and mortgage securities.