JP Morgan buys Dublin building for 1,000 staff

Moving positions from London ahead of Brexit

JP Morgan has purchased a new office building in Dublin for up to 1,000 staff, weeks after a senior executive said jobs would be moved from London to Ireland, Frankfurt and Luxembourg before the UK leaves the European Union.

The US investment bank, which employs around 14,000 staff in the UK, has bought a building at 200 Capital Dock in Dublin as the firm said it is looking to extend business in Ireland. The company already employs 500 staff in the region. "Given the momentum of our local businesses, this new building gives us room to grow and some flexibility within the European Union," said Carin Bryans, senior country officer for JP Morgan in Ireland told the BBC. Earlier this month, head of investment banking Daniel Pinto said the bank was planning to move bankers to the trio of European cities ahead ...