J.P. Morgan Chase & Co is a global financial
services firm with assets of $2.1 trillion
The firm is a leader in investment banking, financial services
for consumers, small business and commercial banking, financial
transaction processing, asset and wealth management and private
equity. It serves many of the world's most prominent corporate,
institutional and government clients. The global investment bank,
J.P. Morgan operates in over 100 countries with one of the most
comprehensive global product platforms available.
In 1999, J.P. Morgan took the strategic decision to establish a
European Technology Centre that would design and develop, complex
financial software and technology systems to support J.P. Morgan's
financial services operations around the world.
After a detailed search of more than twenty sites around the
world, Glasgow was chosen as the prime location for this centre,
given its access to a large pool of highly skilled technologists,
its strong pipeline of talent from Scotland's universities,
excellent transport links and robust telecoms infrastructure.
European Technology Centre, Glasgow
Glasgow is home to J.P. Morgan's award winning European
Technology Centre (ETC). With more than 700 technologists
supporting and designing global systems, it's one of the largest IT
employers in Scotland. Spanning a wealth of technologies and
platforms (e.g., Java, Spring Framework, C++, SQL, Linux, Unix),
innovation and enterprise are standard.
Attracting top talent
The company needs to recruit from a large skilled labour pool
with a pipeline of technology graduates from local
universities. It also needs the reassurance of a stable
employment environment, free from high levels of staff
turnover.
With four universities, twelve colleges and other specialist
higher education centres, Glasgow's labour pool has proved a
perfect match. There are over 200,000 students in the city's travel
to work area.
J.P. Morgan look for technical specialists in all areas of the
software development life cycle from business analysts, software
engineers and testers to operational support and information
architects. Joining them across various lines of business, they
seek high-quality people with a passion and aptitude for technology
and a drive to succeed.
A Place to Grow
Original expectations were that the company would employ 300
people, but the operation demand increased significantly and J.P.
Morgan now employ in excess of 700 high calibre technology
professionals across a number of business areas. JP Morgan hosts a
multi-award winning workforce, with the most recent achievements
being focused on mobile technology. J.P. Morgan Research
application featured in the 'Top 5 iPad Finance Category' in all
major regional AppStores (US, UK, Hong Kong) and was rated in
overall 'Top 100 UK Applications', a major achievement for a
business application.
Paul Murphy, Executive Director of the ETC, says, "Glasgow
continues to provide J.P. Morgan with access to a highly talented
and skilled workforce and it has proved to be a highly successful
and key strategic location for J.P. Morgan globally. The European
Technology Centre now provides vital software development
facilities to the bank as a whole and is a vital part of the firm's
infrastructure."
Looking to the future, Paul Murphy, said, "Thanks to the
continued support from the Scottish Government and Scottish
Enterprise, we look forward to further expansion of our operations
in Glasgow and to attracting top talent to the business."