JP Morgan to create hundreds of jobs in Switzerland

Financial services giant JP Morgan will be bringing hundreds of new jobs to Geneva, Zoug and Zurich. Martin Schutz, Co-Chairman of JP Morgan in Switzerland is quoted as saying their work force will grow to 1,000 employees; that is an increase of almost 400 new jobs from now until 2012.

"Switzerland has always been at the heart of our international finance strategies" said Schutz. "Our customers benefit from a strong currency, minimal inflation, prudent national banking and high quality service," he added.

Zoug is becoming an important market in JP Morgan's financial strategies as the town is developing into an international trade center of raw materials and metals.

In December 2010 JP Morgan in London also expanded operations thus reaffirming the company's previous statements that Europe is becoming an important market for its expanding financial and trade services.

JP Morgan Chase's corporate headquarters are in New York City.


SOURCE: GenevaLunch.com