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Deutsche Bank expands in Florida

Staff writer |
Florida Governor Rick Scott announced that Deutsche Bank plans to add more than $10 million in capital and 300 jobs into Florida over the next three years.

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Deutsche Bank expansion is the second in two years at Deutsche Bank's Jacksonville campus and comes five years after the company's initial venture in the region. Since 2008, the banking leader has created more than 1,000 high quality jobs. The success of those projects allowed the bank to make this further expansion of 300 jobs and additional capital investments in the state.

"We are thrilled to be here today announcing another expansion at Deutsche Bank's Jacksonville campus. Deutsche Bank has become an important partner to the local community and we thank them for continuing to create jobs for Florida families. This expansion will create 300 new jobs for Florida families and demonstrates that our efforts to improve Florida's economy and create jobs are working," said Governor Scott.

"On behalf of our 1,100 employees in Jacksonville, I am pleased to announce this further expansion. While we started out in 2008 with under 100 people supporting one business, we now have employees from all the businesses in the U.S. and have been growing our front-office capabilities at this site," said Michael Fleming, Managing Director of Deutsche Bank Jacksonville.

Most of the nation's leading financial and professional services companies have established large operations in Florida to take advantage of its global connectivity, experienced workforce and favorable business climate. Nearly 90 percent of Florida's gross economic output is generated in the service sector. Florida firms in fields such as banking, accounting, architecture, consulting, engineering, legal services and others represent the state's 4th largest industry, with 12.5 percent of the state GDP.

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