JPMorgan Chase (NYSE:JPM) is planning a new office building in Canary Wharf, London, which could be the banking giant’s biggest in the region, insiders told Bloomberg News.
The bank has appointed Foster + Partners to draft designs for its Riverside South site, the September 11 report noted.
JPMorgan is assessing options for the long-term future of its European headquarters, which may include a move to a new building in the City of London or a refurbishment of its existing premises at 25 Bank Street in Canary Wharf, people with knowledge of the matter reportedly said.
The lender is said to have owned the Riverside South site since 2008.
JPMorgan seeks to secure enough space to satisfy its growth ambitions in London, the Bloomberg report noted.