The entrance to JPMorgan Chase's international headquarters on Park Avenue is seen in New York October 2, 2012.
It is the bank's third-biggest city in the European Union in terms of staff with 900 people, coming after Warsaw (1,200) and Dublin (more than 1,000).
In the wake of Britain's exit from the European Union, JPMorgan bought a seven-storey building near its historic headquarters in the first arrondissement to house more employees.
JPMorgan will commit $50 million of the $60 million investment and Bpifrance will provide 10 million euros ($10.66 million).
The aim is to raise between 150 million euros to 200 million euros by the end of 2024, the U.S. lender said.
Persons:
Shannon Stapleton, Bpifrance, Cartier, Louis Vuitton, JP Morgan, Jamie Dimon, Mathieu Rosemain, Anousha Sakoui, Louise Heavens
Organizations:
JPMorgan Chase's, REUTERS, Rights, JPMorgan, U.S, European Union, Gardens, Justice, Ritz Paris Hotel, Spark, JPMorgan Asset Management, Thomson
Locations:
New York, France, London, Paris, Europe, Warsaw, Dublin, U.S, Vendome, Spark France