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JP Morgan considers opening office in Poland

JP Morgan officials.

Three Polish cities: Warsaw, Kraków and Wrocław are being considered for opening a new office of financial company JP Morgan Chase, the Puls Biznesu daily reported.

Kraków’s city hall confirmed that its representatives held a meeting with JP Morgan officials.

According to the daily, Poland is not the only country considered by JP Morgan, and a number of European cities are competing to lure the company, whose investment could create 2,500 new jobs.

Puls Biznesu added that investment banker, Goldman Sachs, will also probably relocate its back-office from London’s city to Warsaw following Brexit.

Mateusz Morawiecki, Poland’s Finance and Development Minister has said that due to the UK leaving the EU, the Polish services sector might see 20,000 new jobs created between 2016 and the end of 2017.

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