JP Morgan Chase is gearing up to launch its consumer banking brand Chase in Germany, with a debut in Europe’s largest economy planned for Q2 2026.
According to a statement by the bank, preparations include a new headquarters in Berlin to open “by the end of 2025”, with the service rollout next year to cover “digital retail banking products”, starting with savings accounts.
Regional operations are currently being led by Daniel Llano Manibardo, a former ING executive who rejoined JP Morgan Chase in April as head of Germany and international consumer banking.
In comments, Manibardo explains that the decision to launch a “compelling savings account” offering is in response to “the popularity of savings products in Germany”, adding that “our wider digital banking offer will be gradually expanded step-by-step to help consumers unlock the full potential of their money”.
Germany will be the second European market for Chase following the brand’s UK debut in 2021, with the UK business attracting over 2.5 million retail customers with its digital banking proposition.
JP Morgan, which manages $4.6 trillion in assets, has operated in Germany since 1924, and currently employs more than 900 people across the country, providing commercial, private and investment banking services, alongside asset and wealth management.
Mark O’Donovan, CEO of international consumer banking at JP Morgan Chase, says: “We are entering the market with ambition, but also with deep respect for what German customers expect from their banking relationships.”
Source: https://www.fintechfutures.com/
