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Citco Chooses Charlotte, North Carolina for New Office

Citco Fund Services will create 258 jobs in Charlotte, North Carolina over the next three years, according to the Charlotte Business Journal. The company, which serves hedge funds and financial services businesses, will invest $3 million in its new office and staff.

"With Charlotte's vast financial industry and infrastructure, we know it's the right place for our new office expansion," said William Keunen, Citco's fund services division director.

The company is seeking grants and incentives from the state. It is eligible to receive job development investment grants of up to $4 million. In addition, it could receive nearly $1.4 million from the state's industrial development fund for infrastructure investments in economically distressed counties.

The Charlotte Regional Partnership, Charlotte City Partners, and the Charlotte Chamber, among other organizations, were part of the project.

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