According to senior bankers, including executives at JPMorgan, UBS, Citigroup, and Barclays, the current shift is being driven by investor concerns over political instability and the broader market environment in France. Some firms are pausing activity, while others are relocating teams to more stable jurisdictions. JPMorgan's Senior Country Officer for France, Kyril Courboin, acknowledged the challenges but emphasised recent progress. Private equity firms, along with investors in real estate, have been among the most responsive to these changes. One managing director at a U.S. investment bank noted that Paris had become a growing centre for private equity, but now many are rethinking their strategies in light of current conditions. The retreat marks a pause in the momentum generated during Emmanuel Macron's presidency, during which France positioned itself as a pro-business destination. Despite this, recent political uncertainty has created hesitation among global investors,...
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