US investment bank JP Morgan is looking to recruit up to 100 people to its European operations department, reports Reuters, citing people familiar with the bank.
The newswire says the bank is looking for 50 to 100 people in operational roles such as client services, legal documentation and project management.
The bank has operation centres in London and Bournemouth, southern England, giving support functions to front office activities such as sales, trading and structuring.
The hires will be in equities and fixed income, and particularly in derivatives within these departments, says Reuters.
The report quotes Judith Miller, a spokeswomen at JP Morgan: "We do have some dedicated and focused recruitment in the investment banking operations space, this will continue to support the business growth we've been seeing across equities, credit and rates."
Recruitment firms have been reporting a pick-up in activity at City investment banks since late last year, with Morgan Stanley, Goldman Sachs, UBS and Royal Bank of Scotland all said to be in the market for new recruits.