Citigroup, AssetMark Bringing 700+ Jobs to Charlotte in Expansion

Roles in personal banking, finance, and marketing.

Photo Illustrations Of Listed Companies Ahead Of Earnings — Source: Cheng Xin / Getty

Charlotte’s status as a financial hub just got a major boost. Citigroup and AssetMark announced plans to expand operations in the Queen City, bringing over 700 new jobs to the area, Gov. Josh Stein said Tuesday.

Citigroup is expected to create more than 500 jobs and invest $16.1 million in a new office facility, which will house roles in personal banking, finance, and marketing.

“As we reviewed our real estate footprint in the United States, Charlotte stood out as a location where we had a unique opportunity to invest by establishing a formal presence,” Edward Skyler, Citi’s head of enterprise services and public affairs, said in a statement.

The company plans to select a site later this year.

AssetMark will invest $10 million in Mecklenburg County and add 252 jobs.

State leaders praised the move as another sign of Charlotte’s growing financial footprint. The region is already home to more than 104,000 financial services workers, and the industry has grown by 30% statewide since 2018.