The Bank of London, the world’s first purpose-built global clearing, agency, and transaction bank, announced its intention to expand its United States footprint by opening its US Global Platform & Services headquarters in Charlotte, creating 350 new jobs by 2026 across numerous disciplines.
New positions at the US Global Platform and Services division will include software development, compliance and risk, technology operations, infrastructure engineering and business operations. Mecklenburg and surrounding counties can expect an annual payroll impact of nearly $33 million when fully staffed.
“With The Bank of London building its technology hub in Charlotte, we continue to demonstrate that Charlotte is the epicentre of where finance and technology converge,” Charlotte Mayor Vi Lyles said. “This announcement further builds on our strategic international partnerships, and I look forward to seeing The Bank of London’s growth in our city.”
The Bank of London signed an 11-year lease on 40,000 square feet at One Independence Center at the energetic intersection of Trade and Tryon in the heart of uptown. The Crescent Communities property features a terrace overlooking the Central Business District.
“We are excited to welcome The Bank of London to One Independence Center as the company expands its U.S. footprint,” Brendan Pierce, president commercial at Crescent Communities, said. “The Bank of London’s decision to locate here cements One Independence Center as the best uptown location for a creative office atmosphere through the live, work, play environment that has been created on this block.”
The Bank of London launched in November 2021 as the sixth principal clearing bank of the United Kingdom, and only the second clearing bank in 250 years. With a $1.1 billion valuation, it is the first pre-revenue bank in history to attain ‘unicorn’ status upon debut.
A leading-edge technology company, The Bank of London leverages patented technology innovations and differentiated bank capabilities to lift economies and communities by powering the borderless economic infrastructure of the future.
“The Bank of London has truly game-changing and patented technology that will power the borderless economy of the future,” Jim Ditmore, co-president & group operating officer of The Bank of London, said. We will be continuing to invest heavily in our technology offering for clients and we’ve chosen Charlotte as a key location to drive our agenda forward, enabled by Charlotte’s unique combination of banking talent, technologists, and financial business leaders.”
The opening of the bank’s U.S. Global Platform and Services division in Charlotte brings access to a strong and deep new talent pool. With its vibrant banking ecosystem, and appealing city lifestyles and amenities, which attract professionals from across the country, bank leadership determined Charlotte was an excellent choice.
“Without doubt, Charlotte has some of the best bank technology and business talent that the U.S. – and the world – has to offer,” Anthony Watson, group chief executive and founder of The Bank of London, said. “I should know. I spent some of the happiest years of my working life in Charlotte when employed by Wachovia Bank (now Wells Fargo). I’m beyond delighted to once again work in the Queen City as we transform banking for the betterment of all.”
