Major investment firm to establish hub in Charlotte

CHARLOTTE, N.C. (QUEEN CITY NEWS) — One of the world’s largest investment management companies is building a major East Coast hub in Charlotte, Governor Stein announced on Wednesday.

Capital Group, a privately owned company based in Los Angeles, is bringing 600 new jobs to the area with an anticipated annual payroll impact of more than $116 million. The project will establish a major operational hub for the company on the East Coast.

“We’re excited that Charlotte’s reputation as one of the nation’s top banking centers has attracted Capital Group to establish its East Coast hub here,” said Governor Stein. “North Carolina offers a talent pool that’s especially well suited to helping financial services companies like the Capital Group succeed in our state.”…

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