China Telecom (SHA: 601728) is in the process of deploying data centre hardware in London to support the expansion of an unnamed “leading Chinese finance house”.

The news comes at a time when the City is feeling the ramifications of voting to leave the European Union in a process known as Brexit which has sparked a wave of finance and banking assets-relocation from the capital.

English data centre and business-critical environment firm Keysource has been tasked with the installation of Huawei Modular Data Centre Infrastructure within the unknown IT Hub in Central London.

The project is scheduled to be completed in 3 phases, across 9 months, as part of a wider conversion of existing office space into a new specialist IT Hub.

Reporting into China Telecom, the principal contractor, Keysource’s remit includes the installation of all rack, power and mechanical infrastructure associated with the 60+ new server racks located on the second floor of the new facility.

Additional works associated with the mechanical installation across further multi-tenanted floors and the roof will also be delivered.

China Telecom operates from four data centres in the British capital. The company leases space from two Equinix (NASDAQ: EQIX) facilities and two Global Switch centres.

Yunting Wang at China Telecom, said: “Keysource is a great partner for us as they are highly experienced in specialist technology infrastructure installation and understand the standards required in the finance sector. The fact that they are able to self-deliver this project gives us extra reassurance.”

Richard Clifford, Head of Solutions and Innovation at Keysource, added: “This is a prestigious project and we are proud to be part of the team that is developing this new specialist IT Hub.”

The City has over the last months lost thousands of jobs and more than a trillion pounds of assets have been relocated to rivals such as Frankfurt, Paris and New York, in the wake of Brexit.

Earlier this month, Amsterdam overtook London as the main hub for trading euro-denominated shares and derivative contracts.