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J.P. Morgan will invest $48 million (£28.6 million) to enhance its operational hub in Europe, the Bournemouth, U.K.-based Technology and Operations Center, which will employ more than 4,000 people, the firm says.
J.P. Morgan has had offices in Bournemouth for 28 years, supporting client activities in 40 countries around the globe, officials say. The facility’s last upgrade was completed in 2011.
The current intent is to create a “more vibrant and collaborative workspace,” according to J.P. Morgan, with “more state-of-the-art communications technology and office equipment, enabling better interaction” with colleagues in the U.S., Europe and Asia.
In addition, Bournemouth workers can look forward to a revitalized onsite restaurant and common spaces, and upgraded” facilities for employees who cycle to work, officials say. The infrastructure projects will be completed throughout the next three years, the company projects.
“Bournemouth offers access to high quality talent and to facilities that can support our business, not just in London, but around the world,” Jamie Dimon, chairman and CEO of JPMorganChase, says in a prepared statement, which also notes that the bank is the “largest private sector employer in Dorset.”
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- J.P. Morgan
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