The Bank of London Sets up Shop in the Second Largest Banking City in the US

Since establishing in November 2021 and establishing itself as the sixth principal clearing bank in the UK, Bank of London We are now setting our sights on the US market. We opened our newest headquarters in Charlotte, North Carolina.

The clearing, agency and transaction bank have announced their intention to open their US global platform and services headquarters in North Carolina. The move is expected to create 350 new jobs in various sectors within the next four years.

New roles in the US division include software development, compliance and risk, technology operations, infrastructure engineering, and business operations. Mecklenburg and surrounding counties are projected to have nearly $33 million in annual payroll impacts when fully staffed.

The Bank of London has leased an office in the city’s One Independence Center in the heart of Charlotte’s central business district for 11 years.

The opening of the bank’s U.S. division in Charlotte, the second-largest banking city in the United States after New York, has provided access to a promising new talent pool.

By building a tech hub in Charlotte, Bank of London continues to prove Charlotte is the epicenter of the convergence of finance and technology, he said. V Lyles, Mayor of Charlotte. This announcement further strengthens our strategic international partnership and we look forward to seeing Bank of London grow in our city.

Co-President and Group Head of Operations at the Bank on how its patented technology will power the United States’ borderless economy, Gym Ditmoresaid, “We continue to invest heavily in the technology we offer our clients and are in a key place to advance our agenda, made possible by Charlotte’s unique combination of banking talent, technologists and financial business leaders. I chose Charlotte as