The bank has indicated it will use its existing European Union banks, in Dublin,
“This new building gives us room to grow and some flexibility within the European Union,” senior country officer for JP Morgan in Ireland Carin Bryans said in the statement.
Ireland has engaged
Hubertus Vaeth, the head of Frankfurt’s campaign to promote the city to banks since Britain voted to leave the EU, told Reuters earlier this month he expected the five largest U.S. investment banks to move staff to more than one EU location with around 1,000 going to Frankfurt and possibly more to Dublin.
Ireland’s financial services minister, Eoghan Murphy, said in a statement on Monday that JPMorgan’s announcement was “a welcome vote of confidence in the strength of Ireland’s offering and Dublin’s status as a major financial