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re: Thoughts on moving to Charlotte?
Posted on 5/14/17 at 6:01 pm to athenslife101
Posted on 5/14/17 at 6:01 pm to athenslife101
I gotta say, in my 16 years in the commercial banking / private equity world, I've never heard Jacksonville mentioned as a finance hub before. Is it more consumer banking focused?
Posted on 5/14/17 at 6:24 pm to Bruco
quote:
Jacksonville's financial sector has benefited from a rapidly changing business culture, as have other Sunbelt cities like Atlanta, Tampa, and Charlotte. In a concept known as nearshoring, financial intuitions are shifting operations away from high-cost addresses like Wall Street, and have even shifted trading functions to Jacksonville.[118] With relatively low-cost real estate, easy access to New York City, high-quality of life and 19,000 financial sector employees, Jacksonville has become an appealing option for relocating staff.[119] Perhaps the best example of this is the growth of Deutsche Bank's presence in the city. Jacksonville is home to Deutsche Bank's second largest US operation, only New York is larger.[120] Other institutions with a notable presence in Jacksonville include Macquarie Group, Bank of America, Wells Fargo, JPMorgan Chase, Citi, Citizens Property Insurance, Fidelity Investments, Ally Financial and Aetna.[121]
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