Bank of London to bring 350 new jobs to Charlotte with new tech hub

By Amelia Isaacs on Tuesday 9 August 2022

Digital Banking

The UK's second clearing bank in 250 years continues to expand after investing millions in a Belfast hub two months ago.

Bank of London to bring 350 new jobs to Charlotte with new tech hub
Image source: Anthony Watson/Bank of London.

The Bank of London is expanding its US footprint with the launch of a new tech hub in Charlotte, North Carolina.

The sixth global clearing bank in the UK already has an office in New York, meaning it now has divisions in the two largest banking cities in the US.

With the expansion, the ‘US global platform and services’ division will create another 350 jobs by 2026, generating an annual payroll impact of nearly $33m when fully staffed, according to the bank.

Bank of London’s founder and group CEO Anthony Watson, who spent “the happiest years of his working life” in Charlotte at what is now Wells Fargo, said he is beyond delighted to be working there again.

“Without doubt Charlotte has some of the best bank technology and business talent that the US – and the world – has to offer,” Watson said.

The bank further expanded its UK presence from London to Belfast earlier this year with a centre of excellence it said would create 232 jobs by 2026 and around £20m of annual salaries.

Now, in Charlotte, the bank has taken an 11 year lease on a 40,000 square foot office.

“The Bank of London has truly game-changing and patented technology that will power the borderless economy of the future,” Bank of London co-president Jim Ditmore.

“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.”

New positions at the company will include software development, compliance and risk, technology operations, infrastructure engineering and business operations.

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