J.P. Morgan confirms plans for global technology hub

29 Jul 2019

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."