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Thursday, November 08, 2018|
Two NYC Giants Plan 1,000-Job Expansions Elsewhere
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.
"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.
Printed from: MFWire.com/story.asp?s=58871
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