JPMorgan Chase confirms more jobs for Dublin as Brexit looms

The bank says a "significant" number of people will be hired

JPMorgan Chase confirms more jobs for Dublin as Brexit looms

File photo of the European headquarters of JP Morgan bank in London's Canary Wharf | Image: Yui Mok/PA Wire/PA Images

American bank JPMorgan Chase says it plans to hire a "significant" number of people in Ireland.

The US bank currently employs 500 people in the capital.

James Kenny, the bank's head of investor services, told the Financial Times the roles will be filled over the next three years.

"Growth plans are driving our real estate plan", he said.

He also says roles can be filled by people moving from other countries due to Ireland's "very flexible immigration policy".

It comes after reports in March that talks were underway for Dublin to become its new EU hub.

The move comes as institutions prepare for Britain's exit from the European Union.

The bank was said to be negotiating the purchase of a building at 200 Capital Dock, which is being developed by Kennedy Wilson Holdings and NAMA.

The 130,000 square feet office space would offer enough room for over 1,000 employees.

JPMorgan Chase provides custody and administration services and offers corporate and investment bank services, as well as payment and transaction processing.

It held its annual meeting of shareholders on May 8th.