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Goldman Sachs, Standard Chartered eye 750 new jobs in Poland

Reuters  |  London 

By Noor Zainab Hussain and Lawrence White

(Reuters) - is looking to hire about 250 staff in in 2018 and Standard Chartered is also considering the country as a possible new hub for around 500 staff, the banks said on Tuesday.

Poland, by far the largest country in the European Union's eastern wing, has seen strong economic growth over the past decade and has proven attractive for international banks and other companies, partly due to its cheaper labour costs.

A spokesman for said the bank would sharply increase its Polish headcount to between 750 and 800 by the end of next year, up from 525 now.

The new jobs will primarily be in operations and technology, risk management, treasury and human resources - mainly 'back office' roles which do not have to be located in more expensive locations such as or Frankfurt.

Standard Chartered said it was looking to expand in eastern Europe by setting up an office with about 500 staff, a spokesman said, adding that possible locations included the Polish cities of Warsaw and Krakow as well as Prague and Budapest.

The bank will make a decision on the location by the first quarter of 2018, the spokesman added.

In September, announced that U.S. bank JPMorgan Chase planned to hire more than 3,000 people for its new global operations centre in Warsaw.

is also set to sign a lease on a new office in Milan that will boost its presence in Italy as Britain prepares to leave the European Union, sources familiar with the matter told last week.

(Reporting by Noor Zainab Hussain and Lawrence White, additional reporting by Parikshit Mishra in Bengaluru; Editing by Gareth Jones)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, December 05 2017. 18:28 IST