JP Morgan to open back office center in Warsaw - Reuters

According to sources quoted by Reuters, the US bank JP Morgan Chase will open its new back office operations center in Warsaw. The headquarter will employ some 2,500 people and service the lender's Asian and European business. “Only Warsaw has a job market which is deep enough to bear with such an investment,” the source said. Reuters said that the lender's delegation already visited Warsaw to look for real estate that could house the new center, which could become of the largest of its kind in Poland. Other cities in the mix include Wrocław and Budapest. “There were serious talks last month. It looks like they are close to picking Poland but never say never until deal is signed,” said one source familiar with the matter, speaking anonymously as discussions are not public. JPMorgan declined to comment on its plans.