JPMorgan to expand Paris office space

JPMorgan (JPM)Chase announced that it has signed a lease on a new building in Paris at 37 Place du Marche Saint-Honore as the firm has passed over 1,000 employees in the city. The new office is situated behind the bank’s headquarters at 14 Place Vendome, and is opposite 21 Place du Marche Saint-Honore, where the bank also has employees. While this investment will see the firm reduce the buildings it occupies in central Paris from six to just three, overall office space will increase significantly.