JP Morgan to open new center in Warsaw

Global financial institution JP Morgan Chase will locate its new global operations center in Warsaw, Deputy PM Mateusz Morawiecki said. According to him, the investment will bring some several thousand jobs mostly for “people with competences such as in data management, risk management, credit risk management, supply chain management,” he said. “I can confirm that this is indeed the case. The negotiations were arduous, difficult, and have been running for months, but yes, this latch has already fallen and indeed the world's largest bank, with $330 billion capitalization will have one of its headquarters here,” Morawiecki said. Possible other contenders to host the center were Budapest and Wrocław.