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Tina Hsiao, chief operating officer of WePay, said the project to create a new space was pending since the conclusion of the transaction, as well as Dimon's commitment to double the size of the company. WePay engineers team.
"It's him who is planting this flag," Hsiao said in an interview. "The leaders said: we are not tourists, we are here to stay."
Dimon visited WePay's current headquarters in April and has been talking by the fire with co-founder and CEO Bill Clerico. After this session in front of the whole society, he met the management team of eight people. Hsiao said that one of Dimon's key messages to the group of novice techs was that, while society takes regulations, safety and supervision very seriously, these tasks should not be cumbersome.
"He said do not let the big bank stop you because that is not the reason," Hsiao said. "He encouraged us to continue to lobby and influence them."
Before settling on the former Lockheed Martin campus, JP Morgan had visited several other locations, including the former Theranos headquarters, according to two knowledgeable people who would have asked not to be named because the negotiations were confidential. Theranos, which closed in September shortly after the fraud charge of CEO Elizabeth Holmes, rented his Stanford Research Park office last year.
J.P. Morgan said his plans for the new campus would include an "innovation hub" and "modern workstation layout with essential employee equipment and cutting-edge technology to enhance collaboration."
It is one of two locations in the Bay Area for JP Morgan, as well as corporate offices in downtown San Francisco, which are primarily for traditional services such as investment banking. and wealth management. According to Truebeck Construction, the site's developer, the first phase of the project will consist of a two-storey 115,000 square foot building, followed by a second phase comprising an 80,000 square foot building.
JP Morgan refused to say there would be a second building.
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