JPMorganChase to open 1,000-employee SouthPark office, add 400 jobs
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JPMorganChase is opening a new SouthPark corporate office to house 1,000 employees, including 400 new hires, in early 2028, the company announced Tuesday.
Why it matters: As layoffs rise, Charlotte, the nation's No. 2 finance hub, continues to add more promised jobs through big announcements, from JPMorgan to SMBC earlier this month.
Zoom in: The firm's new space at One Piedmont Town Center, 4725 Piedmont Row Dr., spans roughly 145,000 square feet across five floors and gives room for growth, the bank says.
- Many new roles will be in commercial and investment banking, but also private and consumer banking.
- The firm currently employs more than 600 Charlotte-based corporate workers spread across two other SouthPark buildings.
What they're saying: "[T]his move reflects not only our continued commitment to this market, but our intention to grow here in the years to come," Carrie Galloway, head of the Carolinas for J.P. Morgan Private Bank, said in a press release.
The big picture: Although layoffs in North Carolina are up more than 50% so far this year compared to last — driven largely by Charlotte-area companies — the city is making up for losses through a streak of huge job announcements, including:
- Japanese "megabank" SMBC is opening a second headquarters Uptown with 2,000 jobs.
- Scout Motors chose Charlotte for its global headquarters, with 1,200 jobs.
- Shipping giant Maersk is moving its North American headquarters here with 1,300-plus employees.
The intrigue: JPMorgan is showing interest in expanding its presence in Charlotte and will showcase that by putting its name on its new office tower for brand awareness.
- It opened its first commercial banking office here in 2011, followed by its private bank office in 2017 and its first Charlotte-area branch in 2020.
- JPMorgan chairman and CEO Jamie Dimon, one of Wall Street's most powerful executives, visited SouthPark last year to cut the ribbon on the bank's 1,000th branch since an expansion initiative launched.
- "We are very happy with the trajectory we have had to date," said Matt Beardall, J.P. Morgan's head of Commercial Banking for the East Coast. "Having our talented employees together in a new, state-of-the-art work space will add fuel to the fire of our momentum."
What's next: The office is expected to open in early 2028.