JPMorgan to Buy Former BNP Building in Exclusive Part of Paris
- Move could more than double the number of bank’s Paris staff
- Banks look to limit impact of hard Brexit on EU businesses
This article is for subscribers only.
JPMorgan Chase & Co. is buying the former BNP Paribas SA offices in central Paris with space to house as many as 450 employees, as banks seek to bolster their footprint in the European Union after Brexit.
JPMorgan, which currently has 260 staff in the city, is taking over the seven-story building a short walk from the Louvre museum, it said on Sunday without disclosing a price. The offices are set to open by the end of the year.