J.P.
Morgan has confirmed a search for new, larger premises in
Glasgow, to house the further expansion of its global technology
centre.
In an article published in
The Herald, the bank revealed that, following a detailed
search, it is currently evaluating a final shortlist of two
potential city centre sites and plans to announce its preferred
location by the end of this year.
The new site will be capable of accommodating up to 2,500 people.
Currently, J.P. Morgan's workforce in Glasgow numbers over 2,000,
based mainly at Alhambra House in Waterloo Street and another
office on Bothwell Street.
First opened in 1999, the bank's technology hub in Glasgow has
grown steadily, doubling in the last five years to the current
headcount. The centre plays a leading role in developing
software used by the bank across its global operation.
Stephen Flaherty, managing director of J.P. Morgan's Glasgow
operation said, "When it comes to Glasgow, we have made a very
sizeable commitment and we have got a very sizeable workforce here
with big plans to continue. We want to build a state of the art
facility on a global scale here in Glasgow that will give us the
scope for further expansion."