- Firm is a significant employer in Glasgow with 2,600 employees
in the city, and 4,000 in Scotland overall
- The building created 3,900 local construction jobs over the
past five years
- New office shows a new long term commitment to the city, and
reflects wider investments in Scotland where the firm has committed
£2.9 million in philanthropic capital over five years
JPMorgan Chase will today welcome employees and guests to a
ribbon-cutting ceremony at its new state-of-the-art technology home
in Glasgow. The building is located on Argyle Street in the heart
of Glasgow’s International Finance District, and will bring
employees together in one modern building after the firm had
outgrown its previous premises.
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the full release here:
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J.P. Morgan Glasgow Technology Centre
(Photo: Business Wire)
The 270,000 square foot building is designed to adapt to the
future of work and provide a world-class experience for employees
with large open floors and modern amenities across 14 storeys. The
building project employed 3,900 construction workers and took five
years to build. It is certified as having a BREEAM ‘Excellent’
certification, the leading sustainability assessment method, in
line with JPMorgan Chase’s global commitment to sourcing renewable
energy for 100% of its global power needs.
JPMorgan Chase currently employs 2,600 people in Glasgow and is
one of the largest technology employers and recruiters in Scotland.
The city has been home to the firm’s strategic and award-winning
Technology Centre for 25 years. With a 100% focus on technology, it
provides vital software development facilities to the firm and its
clients worldwide. Glasgow is one of the firm’s 23 Global
Technology Centres, which serve as centres of excellence to build
and support the innovative technology behind JPMorgan Chase’s
world-class businesses.
Lori Beer, Global Chief Information Officer at JPMorgan
Chase said: “We have been among Glasgow’s top technology
employers for 25 years now, and this is a deliberate long-term
investment in the city and our employees. Time after time, Glasgow
has proved itself to be a rich hub of tech talent and innovation,
and today we are doubling down on being a part of the local
community here.”
First Minister of Scotland, Humza Yousaf said: “The
opening of JPMorgan Chase’s new Glasgow office is an exciting
moment for the financial services and technology sectors in
Scotland. JPMorgan Chase is one of the country’s largest technology
employers, and this renewed commitment to the city acknowledges
Scotland’s skilled workforce and our reputation as a centre of
excellence for finance and technology.”
Scottish Enterprise Chief Executive, Adrian Gillespie
said: “JPMorgan Chase are to be congratulated on the opening of
their fantastic new building, which stands as a testament to the
success the company has enjoyed since coming to Glasgow 25 years
ago, now employing 2,600 people in the city.
“Scottish Enterprise worked with JPMC to locate in Glasgow
initially, and that office was crucial to the development of the
city’s International Financial Services District. This further
investment in Scotland is a real endorsement of our diverse and
highly skilled technology workforce – just one of the reasons we
continue to attract more international investment than any other
part of the U.K. outside of London.”
Mark Napier, Managing Director of JPMorgan Chase’s Glasgow
Technology Centre added: “We purposefully designed the Argyle
Street building to make it one of the best working environments in
Glasgow. I’m excited to see how the modern and collaborative space
we have created will drive our business forward.”
Sustainable Design
In addition to its BREEAM Excellent certification, the Argyle
Street building has a ‘Gold’ rating according to the WELL standard,
owing to its management of lighting, water, air quality and noise
reduction.
The building has photovoltaic solar panels that generate over 90
kW of power, which help offset carbon dioxide emissions and reduce
demand from the power grid.
It uses a first of its kind heating and cooling system, where
air-sourced heat pumps create both heating and cooling within a
single process, and where excess energy is re-used in the system to
increase overall efficiency. The building’s low-consumption LED
lighting adapts dynamically to provide the exact amount of lighting
needed during the day, and it automatically adjusts according to
occupancy levels. It also features electric vehicle charging
stations and bicycle racks for more than 270 people to help reduce
carbon emissions produced from the daily commute.
Modern workplace prioritising employee well-being
The new building is designed to adapt to the future of work and
foster teamwork and collaboration. It features experiential meeting
spaces, including modern conference rooms, work cafés and games
rooms. The lay-out of collaboration space is entirely configurable,
with several spaces equipped with touch-screens for agile working.
The dining areas feature diverse cuisine offerings and outdoor
seating for employees to gather and socialise.
Employees also have access to best-in-class wellness
experiences. From natural lighting to biophilic design, dedicated
spaces are carefully configured for relaxation and rejuvenation. To
support employees’ physical and emotional well-being, the building
also features amenities such as a wellness studio for exercise, and
nursing and mindfulness rooms.
Serving Glasgow and Scotland
Over the last five years, JPMorgan Chase has committed £2.9
million in philanthropic capital to support communities across
Scotland. The firm's support helps businesses of all sizes grow and
succeed, families build strong financial futures and prepares young
people for future job opportunities. Across Scotland, JPMorgan
Chase supports high-growth businesses in industries like disruptive
technology, life sciences, and green tech and is supporting
renewable and alternative energy efforts through banking companies
that produce solar power and offshore wind.
In Glasgow, JPMorgan Chase continues to actively recruit
locally, taking in over 75 graduates every year. The firm is
passionate about developing strong links with schools, universities
and community organisations across the city, which has helped it
become a top employer among female technologists and historically
underrepresented groups in technology. This strengthens the firm’s
ambition to be a ‘non-traditional’ technology organisation.
The bank runs a number of initiatives to encourage young people
to choose computer science or STEM-based pathways. Its Tech for
Social Good programme does this particularly for under-represented
children between the ages of 5-18 and, as part of that, the related
GenerationTech programme very specifically focuses on closing the
gender gap in computer science among teenagers. Events involve
leveraging technology to solve a social challenge with the help and
guidance of JPMorgan Chase’s technologists. Many of the young women
who have participated in GenerationTech have joined the firm as
graduate level apprentices.
The firm also works closely with a number of community
organisations operating in Glasgow including: dressCode and
SmartSTEMS – organisations who all focus on encouraging the
development of technology related skills among young people from
all backgrounds through activities and mentorship. Together with
non-profit partner, The Prince's Trust, over the next three years,
JPMorgan Chase will help 530 young people between the ages of 16-30
- who are currently facing barriers to the job market - access work
in the construction, health and social care and engineering.
Elsewhere in Scotland, JPMorgan Chase is a significant employer
in Edinburgh, where the firm has 1,400 employees, taking the total
employees in the country to 4,000. Businesses operating there
include the firm’s Private Bank, Payments and post-trade Securities
Services. Edinburgh is also home to the customer contact centre of
the firm’s award-winning digital retail bank, Chase. Chase is the
Official Banking Partner of the Scottish national football teams,
while J.P. Morgan is a leading Commercial Partner to Glasgow City
Football Club, the professional women's team based in the city.
About JPMorgan Chase
JPMorgan Chase (NYSE: JPM) is a leading financial services firm
based in the United States of America (“U.S.”), with operations
worldwide. JPMorgan Chase had $4.1 trillion in assets and $337
billion in stockholders’ equity as of March 31, 2024. The Firm is a
leader in investment banking, financial services for consumers and
small businesses, commercial banking, financial transaction
processing and asset management.
With over 63,000 technologists globally and an annual tech spend
of more than $15 billion, JPMorgan Chase is dedicated to improving
the design, analytics, development, coding, testing and application
programming that goes into creating high quality software and new
products.
Under the J.P. Morgan and Chase brands, the Firm serves millions
of customers in the U.S., and many of the world’s most prominent
corporate, institutional and government clients globally.
Information about JPMorgan Chase is available at
www.jpmorganchase.com.
JPMorgan Chase in the U.K.
With a legacy dating back to 1799, JPMorgan Chase has a track
record of demonstrating leadership during times of both economic
growth and financial instability. The firm employs approximately
22,000 employees throughout the U.K. and is committed to operating
a healthy and vibrant company that plays a leading role in
advancing a sustainable and inclusive economy. JPMorgan Chase works
every day to apply its unique expertise, insights, and resources to
help address economic and societal challenges facing its clients,
employees, and communities.
The firm’s digital bank, Chase, was recently named the Official
Banking Partner of the Home Nations football teams, including
Scotland. The partnership supports individuals across the U.K. from
low income backgrounds – providing them access to fully funded
coaching qualifications and free learning tools, helping to develop
transferable skills for life on and off the football pitch. Chase
is also working to help young people in schools with its National
Literacy Trust and Penguin Books partnership. In its third year,
the partnership has so far helped more than 107,000 children from
underserved communities across the U.K. with improved access to
books and libraries.
Chase was named Best British Bank, Best Current Account, and
Best Savings Account, at the 2023 British Bank Awards. It was also
named Consumers' Choice at the Moneyfacts Consumer Awards 2024.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240423348674/en/
Media Contacts: Patrick Burton +44 20 7134 9041
patrick.o.burton@jpmorgan.com Michael Fusco +1 212 270 2495
michael.f.fusco@jpmchase.com Jen Lavoie +1 212 622 7068
jennifer.h.lavoie@jpmchase.com
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