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Home / Business 101 / Financial giant Citco to open new North American office in Charlotte (access required)

Financial giant Citco to open new North American office in Charlotte (access required)

By Caitlin Coakley Incentives like tax breaks are great, said Robert Gavin, global manager of facility engineering for the financial services company Citco Fund Services. But it’s the little things — affordable housing, local colleges and universities, and proximity to other big cities — that sold Gavin and Citco North America CEO Jay Peller on Charlotte when looking to open another North American location, the companies twelfth. “It’s really like a town-city,” said Gavin. “It’s vibrant, it’s young, and it’s great for a work-life balance.” The company announced its plans to move into Charlotte yesterday, a decision city officials say will strengthen Charlotte’s place as a strong financial center. According to Peller, the move will create more than 250 jobs within the next few years.

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