CHARLOTTE – The Bank of London will open its US Global Platform & Services headquarters in Charlotte, and has already leased 40,000 square feet of space at One Independence Center at the intersection of Trade and Tryon Streets, the center of Uptown Charlotte and the city’s central business district.
With the investment of some $33 million, the company also intends to hire 350 workers for newly created jobs by 2026, the institution said in a statement on Monday.
Talent, technology is why Charlotte was selected
The statement notes that the Bank of London chose Charlotte because the city “brings access to a strong and deep new talent pool.”
Charlotte recently ranked 10th in terms of the region’s tech talent growth, according to a LinkedIn study.
“Charlotte has some of the best bank technology and business talent that the US – and the world – has to offer,” said Anthony Watson, Group Chief Executive & Founder of The Bank of London. Watson previously worked for Wachovia Bank in Charlotte, prior to the bank being purchased by Wells Fargo.
The Bank of London has its US headquarters in New York City. This investment in Charlotte will be the headquarters for the US Global Platform & Services division.
That includes a technology hub, according to the statement. An executive with the Bank of London, Jim Ditmore, the co-president and group operating officer, called the bank’s technology “truly game-changing” and said that the investment in the firm’s technology offerings, based in Charlotte, would “power the borderless economy of the future.”
Charlotte Mayor Vi Lyles called the city the “epicentre of where finance and technology converge,” in a statement, adding that the selection of Charlotte by the Bank of London “further builds on our strategic international partnerships.”
What is the Bank of London?
The Bank of London launched in November 2021 and also has an office in Belfast in addition to London, New York, and now Charlotte.
According to the statement, the Bank of London is a principal clearing bank of the United Kingdom and is authorized by the Bank of England’s Prudential Regulation Authority as well as regulated by the Financial Conduct Authority.