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KJHburg

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5 minutes ago, SydneyCarton said:

I’d love to see JPM add workers here.  They usually ship jobs to Delaware, Columbus, and Plano.  Charlotte has more talent than those locations and is nicer.

If JPM sent 2,000 jobs to Charlotte, they should build a new 500k sf tower in Uotown.

they seem to really like Dallas Fort Worth and expanding their operations there.  

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They send a lot of mortgage servicing work there and to Columbus.  DFW is probably the biggest hub for mortgage servicing in America, and Columbus was Bank One's mortgage servicing hub when JPM took over that bank.  Thus, it remains Chase's biggest servicing hub followed by DFW and Jacksonville.

Other jobs though like legal, accounting, HR, marketing should come to Charlotte though IMO.

JPM is keeping around 20,000 jobs in NY in their new 1,500’ palace.  Everyone else is going to lower cost locales, and the QC is better than any of them.

Edited by SydneyCarton
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12 minutes ago, KJHburg said:

Check out prediction # 6 from finance executives about where financial firms are going (and where they are moving from ) and of course Charlotte is mentioned.

https://vidmid.com/news/these-26-predictions-from-finance-execs-reveal-how-much-wall-street-jobs-will-transform-over-the-next-decade?uid=166840

fudging AP style sheets. Nashville a much smaller city gets no state mention. 

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speaking of finance firms opening in Charlotte in the last year  all NYC based

MUFG Union Bank up to 104 employees  (parent is Japanese mega bank) 

Moody's  up to 87

Better.com mortgage lender up to 108

 

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On 11/23/2019 at 11:11 AM, Blue_Devil said:

Hi everyone. I am not sure where to put this, but I have been following this forum for a while. It looks like I am getting a job at a new financial firm moving to Charlotte, who will be growing their presence over the next 5 years. I live in Durham, and haven't been to Charlotte too much. Can anyone tell me what the commute is like to uptown along Providence Rd from 485? Google has it anywhere from 25 minutes to an Hour around 7:30. 

Also, if this is off topic and should be moved else where, just let me know. 

Great that you joined the fray. Where did you settle?

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3 hours ago, Blue_Devil said:

Ended up with an apartment in the South End area so I could take the rail in! I decided to avoid traffic all together. My wife and I are going to start looking around once we get more settled. 

Welcome to the forum and the city!

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18 hours ago, KJHburg said:

from an article in the Charlotte Observer this and for the last 10 years Bank of America always said it had 15,000 employees now they say 1000 more.  Imagine the excitement if it was announced a new employer coming to town was bringing 1000 jobs and here we have it.  What I already said the local big banks have quietly kept growing in Charlotte.

""The Charlotte-based bank added 3,600 employees in 2019, bank spokesman Mark Pipitone confirmed Friday. CEO Brian Moynihan announced the year-end data in a memo earlier in the day.  Its total headcount now sits at about 208,000 companywide, with 16,000 based in Charlotte. Bloomberg News earlier reported the figures.""


Read more here: https://www.charlotteobserver.com/news/business/banking/article238948993.html#storylink=cpy

Wells Fargo is over 27,000 last I heard or read.  

A lot of truth here. SO many of the jobs the banks are adding (not just BofA and Wells) go unnoticed because there are no "pat yourself on the back" press conferences to announce the jobs with city leaders or the governor. My better half works for Wells (since the First Union days) and she says the amount of hiring in Charlotte they are doing is unprecedented, especially six figure jobs. Not surprised the local number is over 27,000 now for Wells Fargo. 

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6 hours ago, HopHead said:

A lot of truth here. SO many of the jobs the banks are adding (not just BofA and Wells) go unnoticed because there are no "pat yourself on the back" press conferences to announce the jobs with city leaders or the governor. My better half works for Wells (since the First Union days) and she says the amount of hiring in Charlotte they are doing is unprecedented, especially six figure jobs. Not surprised the local number is over 27,000 now for Wells Fargo. 

Wells has over 750 people parked in a couple of floors of WeWork in First Citizens Bank Plaza too awaiting space elsewhere I guess.  

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3 hours ago, Mgelbach said:

Super trivial compared to some of the other news around here, but I've heard Monday or Tuesday Truist tower will light up with the new company colors! So sneak peak on the new branding?

Interesting as on Tuesday the new name goes up on the SunTrust Ballpark in the ATL so maybe everything will be revealed.  They already ripped the old SunTrust signs down in Atlanta at the ballpark. 

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On 1/11/2020 at 4:11 PM, Mgelbach said:

Super trivial compared to some of the other news around here, but I've heard Monday or Tuesday Truist tower will light up with the new company colors! So sneak peak on the new branding?

Sounds legit. The top of the tower has been dark for nearly a week now. 

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2 hours ago, Miesian Corners said:

Sounds legit. The top of the tower has been dark for nearly a week now. 

I hope that down time was because of a lighting upgrade?  The Hearst/Truist tower has had the weakest light game in Uptown of all our big towers.  Would be nice to introduce the new company colors with a bang on their new tower with an upgraded lighting system.

CO: New color reveal:

https://www.charlotteobserver.com/news/business/banking/article239179823.html#storylink=mainstage_card2

Edited by CharlotteWkndBuzz
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42 minutes ago, CharlotteWkndBuzz said:

I hope that down time was because of a lighting upgrade?  The Hearst/Truist tower has had the weakest light game in Uptown of all our big towers.  Would be nice to introduce the new company colors with a bang on their new tower with an upgraded lighting system.

CO: New color reveal:

https://www.charlotteobserver.com/news/business/banking/article239179823.html#storylink=mainstage_card2

Color is fine I guess, whatever, but man that logo sucks. Two Ts representing touch and technology? Suuure. And it looks too much like the Square logo.

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5 hours ago, CharlotteWkndBuzz said:

I hope that down time was because of a lighting upgrade?  The Hearst/Truist tower has had the weakest light game in Uptown of all our big towers.  Would be nice to introduce the new company colors with a bang on their new tower with an upgraded lighting system.

CO: New color reveal:

https://www.charlotteobserver.com/news/business/banking/article239179823.html#storylink=mainstage_card2

I agree that the Hearst Tower lighting could be so much better.

I freaking love the full length lighting that Duke and LU have. They can do amazing things with those buildings. Funny enough LU has been white every night since the new year. They really cranked up the lighting schemes at the end of last year but have been taking a break lately. 

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other financial news a Financial Times story about Vanguard which at last count has 1300 jobs in Charlotte located in Water Ridge Office Park off Tyvola.

this is the 2nd largest money manager in the world after BlackRock

""Malvern, Pennsylvania is the quintessential small-town America: verdant, quiet and lined with 19th-century streetlamps. But just outside the town lies the sprawling campus of Vanguard, a $6 trillion asset manager that is reshaping the sleepy town and the surrounding area. “It’s definitely had a major economic impact,” says Christopher Bashore, the borough manager. Indeed, one local hotelier estimates that over half of his guests, a mix of financial advisers, consultants and clients from pension funds, come because of the investment group, which is based in the nearby East Whiteland township.  Once an upstart investment company shunned — even mocked — by rivals, Vanguard has disrupted the investment management world. The cheap index-tracking funds championed by its late founder Jack Bogle helped batter down fees across the industry and have attracted $10tn of assets. The company is now cautiously expanding in Europe, China and elsewhere, moving deeper into financial advice, and even exploring whether it could offer its customers private equity funds.  “The sheer size of Vanguard and the income that it generates allows us to invest more for our clients, roll out things like advice, enter new markets,” Tim Buckley, Vanguard’s chief executive, says in an interview. “Our size gives us the ability to do it while still lowering your costs to improve your returns.”""

subscriber article from Biz journal and Financial Times https://www.bizjournals.com/charlotte/news/2020/01/13/vanguard-and-the-us-financial-system-too-big.html

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