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]

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