Capital Group to Establish Major Operations Hub in Charlotte
Published on March 26, 2026
Capital Group, one of the world’s largest and most experienced active asset managers, has selected Charlotte for an East Coast operations hub.
“Capital Group’s selection of Charlotte for its new East Coast hub is a strong endorsement of our city’s rise as a leading hub for financial technology,” said Charlotte Mayor Vi Lyles. “This investment reflects the power of our talent, our strong business climate and our continued momentum as a center for innovation.”
The company expects to locate its facility in Uptown Charlotte.
“Capital Group’s investment is a strong testament to the collective success of our ongoing workforce and economic development efforts in Mecklenburg County,” said Mecklenburg Board of County Commissioners Chair Mark Jerrell. “Their decision to locate here reflects the strength of our talent pipeline, business climate and community partnerships. We look forward to leveraging our combined resources for the benefit of our community."
The Charlotte hub is expected to create 600 new jobs and a capital investment of at least $60 million. Highly skilled positions will include software, data and AI engineering, data science, investment operations, marketing, and global business services with an anticipated annual payroll impact of more than $116 million.
“Charlotte stood out as a natural fit for Capital Group’s next phase of growth,” said Rob Klausner, chief operating officer of Capital Group. “North Carolina’s strong financial services ecosystem, growing talent base and long-term outlook align closely with our priorities as a firm. This investment strengthens our operating resilience, supports better outcomes for our clients, and reflects our commitment to building careers and community alongside our associates in Charlotte.”
Capital Group, a privately owned company with headquarters in Los Angeles, has more than 90 years of active investment management experience, with $3.4 trillion in Assets Under Management (AUM). The company was founded in 1931 and is known for its early and continuing stewardship of one of the nation’s first mutual funds, the Investment Company of America. The Charlotte project will establish a major operational hub for the company on the East Coast, supporting growth in the United States and globally.
The City of Charlotte and Mecklenburg County partnered with the North Carolina Department of Commerce, the Economic Development Partnership of North Carolina, the North Carolina General Assembly, the North Carolina Community College System, the Charlotte Regional Business Alliance, Charlotte Center City Partners, UNC Charlotte and Central Piedmont Community College on the project.
Charlotte continues to solidify its reputation as a top destination for talent, with approximately 157 new residents moving to the region each day and a ranking among the five fastest-growing regions in the United States each of the past five years.
“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.”
Capital Group’s announcement adds to the strong momentum driving business growth in Charlotte, reinforcing the city’s position as a premier destination for companies seeking long-term success. In 2025, Charlotte had its most successful recruitment year in more than a decade, with the city and Mecklenburg County supporting 15 project announcements resulting in more than 3,880 new jobs and over $424 million in capital investment.