Texas Global Investment Firm announces regional headquartersJuly 8, 2015 1:42 pm
Governor Pat McCrory announced today that Dimensional Fund Advisors is locating its new East Coast regional headquarters in Charlotte, adding more than 300 jobs in the financial services sector.
“This is an exciting time for Dimensional as we embark on expanding our business operations to Charlotte,” said David Booth, chairman and co-CEO of Dimensional. “We are energized by Charlotte’s vibrancy and believe our business is well-matched for the community. Our new regional headquarters will build on the strong foundation we’ve established in our other offices — a workplace culture of learning, teamwork, innovation and dedication to our clients.”
Governor McCrory made the announcement today at the Charlotte Chamber of Commerce with members of Dimensional’s executive team and North Carolina Secretary of Commerce John Skvarla. They were joined by officials from the City of Charlotte, Mecklenburg County, the Charlotte Chamber and Charlotte Center City Partners.
“Charlotte has established itself as the major financial center in the Southeast, so it is well-suited for a company like Dimensional,” said Governor McCrory. “This will be a great addition to North Carolina’s portfolio of financial companies.”
Dimensional is a leading global investment firm founded in 1981 and headquartered in Austin, Texas. Their primary business is investment management. With clients around the world, Dimensional has more than 900 employees across 11 offices in eight countries and global assets under management of $398 billion as of March 31, 2015.
Charlotte is well-suited for this regional headquarters. The city is a globally recognized financial center.
“Our shared goal has been to create the kind of great urban place that makes it possible to attract and retain talent,” said Michael J. Smith, president and CEO of Charlotte Center City Partners. “For us, the bottom line is jobs, and these are the kind of high-quality jobs we seek in a sector that is vital to our city’s economy. This decision will have an echoing impact on both direct hires and the need for a talented supply base.”
“We welcome Dimensional to Charlotte and North Carolina,” said Bob Morgan, Charlotte Chamber president and CEO. “Their decision to locate in the Queen City proves, once again, that Charlotte offers the perfect mix of factors for major companies in their site selection process. Charlotte is home to approximately 2,500 financial service companies and offers the right level of talent, infrastructure and real estate to attract companies like Dimensional.”
According to the company, Dimensional initially plans to lease office space in Center City Charlotte. The company is also finalizing plans for a new building with completion expected as early as the fourth quarter of 2018.
Economic development is a team sport. The Charlotte Chamber and Charlotte Center City Partners work closely with and appreciate our strategic economic development allies at the Charlotte Regional Partnership, City of Charlotte, Economic Development Partnership of North Carolina, Lake Norman Economic Development Corporation, Mecklenburg County, North Carolina Department of Commerce and University City Partners in growing the Charlotte-Mecklenburg economy.