(The following press release from JPMorgan was received by e-mail. The
sender verified the statement.)
J.P. MORGAN BOOSTS INVESTMENT IN BOURNEMOUTH TECHNOLOGY & OPERATIONS CENTRE
Bournemouth, United Kingdom, May 1, 2014– J.P. Morgan announced today that the
firm will invest $48 million (£28.6 million) to enhance its Bournemouth
Technology & Operations Centre, the firm’s operational hub in Europe employing
more than 4,000 people.
The investment will transform the infrastructure in the Bournemouth Centre,
creating a more vibrant and collaborative workspace. Employees will have
access to more state-of-the-art communications technology and office
equipment, enabling better interaction with their colleagues in Europe, the
United States and Asia. The building’s onsite restaurant and common spaces
will be revitalised, and facilities will be upgraded for employees who cycle
to work. The infrastructure projects will be completed throughout the next
“Bournemouth offers access to high quality talent and to facilities that can
support our business, not just in London, but around the world,” said Jamie
Dimon, Chairman and CEO of JPMorgan Chase. “We are proud to be an active
member of the Bournemouth community and to be the largest private sector
employer in Dorset.”
J.P. Morgan has had offices in Bournemouth for 28 years, supporting client
activities in 40 countries around the globe. The new funding builds on the
firm’s previous $18 million (£10.7 million) investment completed in 2011 to
upgrade infrastructure at the site.
“Our employees in Bournemouth are an integral part of the global operations of
our firm, and our commitment to continually investing in their work is
unquestionable,” said Simon Cooper, J.P. Morgan Chief Administrative Office
Bournemouth Site Leader. “This commitment is something that those of us who
live and work here see every day.”
J.P. Morgan has a strong history of community engagement in Bournemouth. The
firm’s “Supporting our Community” programme provides assistance to 130 local
voluntary organisations, charities and schools. Recent strategic philanthropic
investments include a £1.1 million investment in education through the “Achieve
Together” project, support for economic growth through the “YTKO Get Set for
Growth” programme and the creation of opportunities for young people through
the Catch 22 Office Apprenticeship Service.
About J.P. Morgan’s Corporate & Investment Bank
J.P. Morgan’s Corporate & Investment Bank is a global leader across banking,
markets and investor services. The world’s most important corporations,
governments and institutions entrust us with their business in more than 100
countries. With $21.1 trillion of assets under custody and $412 billion in
deposits, the Corporate & Investment Bank provides strategic advice, raises
capital, manages risk and extends liquidity in markets around the world.
Further information about J.P. Morgan is available at www.jpmorgan.com.
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