The new Citigroup positions will have an average salary of $131,832, while AssetMark’s roles will average $110,518 — both well above the county average of $86,830.
CHARLOTTE, N.C. — Charlotte’s reputation as a national financial powerhouse grew stronger Tuesday as North Carolina Gov. Josh Stein announced two major financial services firms — Citigroup and AssetMark — will bring a combined 762 new jobs and invest over $26 million to Mecklenburg County.
Citigroup Inc., one of the world’s largest banking institutions, will create 510 jobs and invest $16.1 million in a new office facility in Charlotte. Meanwhile, AssetMark, a leading wealth management platform based in California, will establish its East Coast hub in the city, adding 252 jobs and investing $10 million.
“Charlotte continues to prove itself as one of the country’s premier financial centers,” Stein said. “These announcements show that our state’s talent, education system, and business climate are attracting top-tier companies and creating real opportunities for North Carolinians.”
High-paying jobs’ economic impact
The new positions at Citigroup will average $131,832 in annual salary, while AssetMark’s roles will average $110,518 — both well above Mecklenburg County’s average wage of $86,830. Combined, the projects are expected to generate more than $92 million in annual payroll impact for the region.
“These are not just jobs — they’re careers that will support families and strengthen our local economy,” state Sen. DeAndrea Salvador said. “We’re proud to welcome both companies to Charlotte.”
Strategic expansions
Citigroup’s expansion will support growth in personal banking, finance, and marketing. Edward Skyler, Citi’s head of enterprise services and public affairs, said Charlotte stood out during a national review of the company’s real estate footprint.
“This will create a better working environment for our existing colleagues and allow us to tap into the deep pool of talent in this market,” Skyler said.
AssetMark’s new Charlotte office will serve nearly 4,300 financial advisors across the East Coast. Chairman and CEO Lou Maiuri said the move will enhance the company’s ability to serve clients while leveraging Charlotte’s skilled workforce.
“Exceptional service is at the center of everything we do,” Maiuri said. “This partnership with North Carolina allows us to grow our presence and better support our advisors and their clients.”
State support and broader benefits
Both projects are supported by Job Development Investment Grants (JDIGs) approved Tuesday by the state’s Economic Investment Committee. Citigroup could receive up to $8.9 million over 10 years, while AssetMark is eligible for up to $1.9 million over 12 years — contingent on meeting job creation and investment goals.
The state projects a return on investment of $3.55 for every dollar spent on Citigroup’s grant and $4.03 for every dollar spent on AssetMark’s.
Because both companies are locating in Mecklenburg County — a Tier 3 area under the state’s economic classification — portions of the JDIG funds will be redirected to support infrastructure improvements in rural communities across North Carolina.
“These investments don’t just benefit Charlotte,” said Commerce Secretary Lee Lilley. “They help lift up communities across the state by generating new tax revenue and supporting broader economic development.”
A growing financial hub
Charlotte is already home to major financial institutions and continues to attract fintech and banking firms drawn by the region’s talent pool, infrastructure, and quality of life.
“Today’s announcements are a vote of confidence in Charlotte’s future,” Rep. Mary Belk said. “We’re ready to support these companies as they grow and thrive in our community.”
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