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JPMorgan Plans Tech Hires in a Country Where It’s Hardly Known

  • U.S. bank has doubled staff in Israel, aimimg to employ 200
  • Focused on upgrading systems and creating new tech products
Pedestrians pass in front of the JPMorgan Chase & Co. headquarters in New York, U.S., on Friday, July 6, 2012. JPMorgan Chase & Co. is scheduled 

Pedestrians pass in front of the JPMorgan Chase & Co. headquarters in New York, U.S., on Friday, July 6, 2012. JPMorgan Chase & Co. is scheduled 

Photographer: Scott Eells/Bloomberg

JPMorgan Chase & Co. is beefing up its technology presence in Israel, joining other global financial firms seeking to benefit from the country’s large pool of fintech experts.

The largest U.S. lender plans to employ as many as 200 engineers at its Herzliya office in the next two years, after already doubling the number of developers to 90 over the past 12 months, Yoav Intrator, who heads technology operations in Israel, said in an interview.