JPMorgan buys Dublin building

JPMORGAN Chase has bought an office building in Ireland as it accelerates its contingency planning for moving jobs to the EU once Britain leaves the trading bloc. The US banking giant has acquired 200 Capital Dock in Dublin, a building with the capacity to house 1 000 people. The bank has said it will move hundreds of London jobs to Dublin, Frankfurt and Luxembourg in order to serve its customers in the EU after Britain’s exit, or Brexit. Carin Bryans, senior country officer for JPMorgan in Ireland, said the “new building gives us room to grow and some flexibility within the EU”. JPMorgan’s chief executive, Jamie Dimon, said Brexit might mean about 4 000 of the bank’s 16 000 UK employees could move. – AP

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