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Thursday, November 08, 2018

Two NYC Giants Plan 1,000-Job Expansions Elsewhere

News summary by MFWire's editors

Leaders at a pair of New York City-based, publicly traded financial services giants, both in the mutual fund business, are planning 1,000-job expansions elsewhere. One asset management titan will add a hub in the southeast, while a big asset manager's parent plans to sextuple its presence in a big southwest metro area.

Rodney O. Martin, Jr.
Voya Financial, Inc.
Chairman, CEO
The Voya Financial [profile] management team plans to add a second Phoenix area office, the Phoenix Business Journal reports. Voya already has about 200 employees, from its investment management arm, in a Scottsdale, Arizona office (7337 E. Doubletree Ranch Road). The new office is expected to add more than 1,000 jobs (back-office, call center, and customer support) for Voya's retirement, employee benefits, and individual life businesses, as well as HR and IT. Voya already has a temporary new office (1401 S. 52nd St.) expected to open in January 2019, and they're looking for a permanent site to open by mid-2020.

"Phoenix's prime geographic location, coupled with Arizona's skilled workforce and business-friendly environment, provides the essential resources for future growth and success," states Rod Martin, chairman and CEO of all of Voya.

Meanwhile, the BlackRock [profile] management team is planning an "innovation center" in Atlanta, the Atlanta Business Chronicle and the Wall Street Journal report. BlackRock's Claude Wade will lead the new hub, the Chronicle notes, and over time he will grow BlackRock's presence there to 1,000 employees. (By comparison, BlackRock has more than 3,500 people in its hometown of NYC and 1,500 in San Francisco, BGI's old home.) The BlackRock team is currently hunting for temporary Atlanta space. 

Edited by: Neil Anderson, Managing Editor


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