DB Global Technology, a unit of Deutsche Bank, is planning to invest more than US$13.5 million in its Cary, North Carolina software development centre, creating 431 new jobs.
The company, which was created by Deutsche Bank in 2009, produces software applications for financial instrument trading, order management and transaction processing, algorithmic trading, risk calculation and Web-based front-end applications for the German banking giant.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
DB Global already employs 250 people in Cary and plans to use the expansion to focus on strategic application development work.
The new jobs are expected to pay a total of US$38 million a year plus benefits.
DB Global Technology COO John Eagleson said: "North Carolina, Wake County and the Town of Cary have proven to be an exceptional source of talent for our company, as well as strong partners in growth and opportunity. We are very excited to be growing in North Carolina and looking forward to continued success in hiring exceptional technical talent and providing world class software to our client."
DB Global Technology won a state job development investment grant for the expansion that could total US$5.55 million over 10 years if all goes well.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
