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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 labor costs.
A spokesman for Goldman Sachs 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 London 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, Poland announced that U.S. bank JPMorgan Chase <JPM.N>
planned to hire more than 3,000 people for its new global
operations center in Warsaw.
Goldman Sachs 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 Reuters last week.
(Reporting by Noor Zainab Hussain and Lawrence White, additional
reporting by Parikshit Mishra in Bengaluru; Editing by Gareth
Jones)
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