JP Morgan to ‘hire hundreds’ of UK staff for digital bank

JP Morgan is reportedly planning on hiring hundreds of staff in the new year for its UK digital bank, Chase.

Sanoke Viswanathan, head of JP Morgan’s international consumer business, told Reuters in an interview that the bank wanted to take staff numbers over 1,000 in order to support products in savings, consumer lending, and investment.

According to the report, Viswanathan said the venture had already hired 200 staff since it launched in September.

The total headcount is now at 800.

"We had a plan, and we are definitely ahead of it," Viswanathan told the news agency. "We want to be in all the major European markets over time, all being well.

“The idea is to be pan-European."

In the UK, the bank is planning to extend its existing savings and investment products via an integration with Nutmeg, the digital wealth manager, said the report.

JPMorgan Chase officially announced the launch of its new digital bank in October. [link]

    Share Story:

Recent Stories

New Business Frontiers
FStech’s Mark Evans discusses the future of financial services with Liu Jianning of Huawei, covering the limitations that current thinking can impose, how financial institutions can embrace technology to be both agile and resilient, and making space for the organisation to focus on the job of creating innovative business models and on delivering business value for their customers.

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.