New office shows a new long-term commitment to the city, and reflects wider investments in Scotland where the firm has committed £2.9 million in philanthropic capital over five years
JPMorgan Chase opens new state-of-the-art technology home in Glasgow. (Credit: JPMorgan Chase & Co.)
JPMorgan Chase will today welcome employees and guests to a ribbon-cutting ceremony at its new state-of-the-art technology home in Glasgow. The building is located on Argyle Street in the heart of Glasgow’s International Finance District, and will bring employees together in one modern building after the firm had outgrown its previous premises.
The 270,000 square foot building is designed to adapt to the future of work and provide a world-class experience for employees with large open floors and modern amenities across 14 storeys. The building project employed 3,900 construction workers and took five years to build. It is certified as having a BREEAM ‘Excellent’ certification, the leading sustainability assessment method, in line with JPMorgan Chase’s global commitment to sourcing renewable energy for 100% of its global power needs.
JPMorgan Chase currently employs 2,600 people in Glasgow and is one of the largest technology employers and recruiters in Scotland. The city has been home to the firm’s strategic and award-winning Technology Centre for 25 years. With a 100% focus on technology, it provides vital software development facilities to the firm and its clients worldwide. Glasgow is one of the firm’s 23 Global Technology Centres, which serve as centres of excellence to build and support the innovative technology behind JPMorgan Chase’s world-class businesses.
Lori Beer, Global Chief Information Officer at JPMorgan Chase said: “We have been among Glasgow’s top technology employers for 25 years now, and this is a deliberate long-term investment in the city and our employees. Time after time, Glasgow has proved itself to be a rich hub of tech talent and innovation, and today we are doubling down on being a part of the local community here.”
First Minister of Scotland, Humza Yousaf said: “The opening of JPMorgan Chase’s new Glasgow office is an exciting moment for the financial services and technology sectors in Scotland. JPMorgan Chase is one of the country’s largest technology employers, and this renewed commitment to the city acknowledges Scotland’s skilled workforce and our reputation as a centre of excellence for finance and technology.”
Scottish Enterprise Chief Executive, Adrian Gillespie said: “JPMorgan Chase are to be congratulated on the opening of their fantastic new building, which stands as a testament to the success the company has enjoyed since coming to Glasgow 25 years ago, now employing 2,600 people in the city.
“Scottish Enterprise worked with JPMC to locate in Glasgow initially, and that office was crucial to the development of the city’s International Financial Services District. This further investment in Scotland is a real endorsement of our diverse and highly skilled technology workforce – just one of the reasons we continue to attract more international investment than any other part of the U.K. outside of London.”
Mark Napier, Managing Director of JPMorgan Chase’s Glasgow Technology Centre added: “We purposefully designed the Argyle Street building to make it one of the best working environments in Glasgow. I’m excited to see how the modern and collaborative space we have created will drive our business forward.”
Source: Company Press Release