TAMPA, Fla. (April 15, 2013) – The Depository Trust & Clearing Corporation (DTCC) announced today that it has chosen Tampa as the expansion location for up to 255 high-wage, new jobs with total average compensation more than double the regional average salary of $46,000. In addition, the company announced a $4.8 million investment in its only Florida campus as part of the company’s long-term expansion strategy.
“The decision to expand our operations in Tampa signals our continuing commitment to this community and represents a new chapter in DTCC history,” said Michael Bodson, DTCC President and Chief Executive Officer. “The City of Tampa, Hillsborough County and the State of Florida have been great partners of ours since 2004, and we look forward to strengthening these relationships for years to come.”
Over the years, DTCC has created well-established partnerships with MacDill AFB, the University of South Florida and other local educational institutions to create a funnel for recruiting the best talent in the region. The planned jobs will be in highly specialized sectors across the board, including IT, operations, human resources and finance. A phased-hiring schedule will be administered over a projected three-year period.
Governor Rick Scott said, “This is great day for families in Tampa. The news that DTCC has decided to reinvest in Tampa and create more jobs means more families will have the opportunity to pursue the American Dream. This investment is a testament to our state’s great workforce and the resources our state offers to companies in reaching their goals.”
Existing relationships with not only the state, but also local governments were critical factors in expansion process.
“Hillsborough County has long supported DTCC’s current and growing operation in Florida,” said Hillsborough County Commission Chairman Ken Hagan. “Today, we celebrate its continued commitment and its focus on high-tech job development and retention in our community.”
The City of Tampa was also a key partner in the decision to expand locally.
“DTCC’s decision to expand in Tampa means more well-paying jobs, of course,” said Mayor Bob Buckhorn. “Just importantly is that since they arrived some nine years ago, DTCC has been positively impacting our community in many other ways as well by seeking out our retired military for many of these positions, working with our local universities and supporting disadvantaged schools and organizations in Tampa.”
The expansion is DTCC’s first in the region since it opened its New Tampa facility nine years ago. DTCC’s Tampa office started as a redundant operations center and now it serves as a fully integrated business center. With the expansion plans and investment in the Tampa campus, DTCC will continue to improve its technology, facilities and resources needed to provide secure transactions for clients.
“This expansion aligns with DTCC’s workforce location and sourcing strategy and allows us to continue to provide our clients with exceptional service while meeting the needs for long-term sustainability,” said Eric Miller, Managing Director and Head of DTCC Tampa. “Tampa is an excellent environment for businesses to grow and thrive, and it has proven to be the right choice for us.”
The company considered offers from other states with existing operations, but ultimately chose Tampa based on several factors, including recruitment potential and quality of living for its employees.
“As a global financial services company, DTCC’s decision to commit to a major expansion in our community reflects the growing momentum in Tampa Bay,” said David Pizzo, Chair of the Tampa Hillsborough Economic Development Corporation, and Market President, West Florida for Florida Blue. “We are focused on attracting high-wage jobs in key areas, such as financial services, and the effort is working. DTCC is an incredible example of how city, county and state partnership drives economic success.”
Miller also stated that DTCC Tampa has a great relationship with the community. “We are proud of the fact that DTCC is bringing jobs and prosperity to the area. Our track record speaks for itself. We fulfill our commitments because we recognize the importance of being a good corporate partner.”
For more information about the positions available, please visit DTCC.com/careers.
About DTCC Tampa
DTCC’s Tampa office is a key component of a larger business continuity strategy the company put in place after September 11, 2001 to decentralize the processing functions and operations support that DTCC provides to the global financial services industry. DTCC’s Tampa facility is part of the company’s critical network of operating centers in the United States and overseas.
In the nine years DTCC has been in Tampa, the Tampa office has grown from 300 employees to more than 530 today. In keeping with DTCC’s strong commitment to diversity in its workforce, more than half of the Tampa staff represents minority groups and nearly 40 percent are women. Positions in Tampa cover all main DTCC functions, such as Clearance, Settlement, Asset Servicing, Operations and Technology. Represented staff functions include Finance, Legal, Human Resources, Audit, and Marketing and Communications, among others.
DTCC’s philanthropy takes the form of tangible community support and employee contributions to non-profit organizations. Each year, hundreds of Tampa employees volunteer across more than 10 different community events and donate more than $100,000 to the United Way of Tampa Bay, making it one of the top-10 financial companies contributing in the region.
DTCC sits on the Florida Sterling Council’s Board of Directors. In 2011, DTCC Tampa received the Florida Governor’s Sterling Award, the highest recognition a Florida organization can receive for managerial and operational excellence.
DTCC has operating facilities and data centers around the world and, through its subsidiaries, automates, centralizes, and standardizes the post-trade processing of financial transactions for thousands of institutions worldwide. With 40 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry, simplifying the complexities of clearance, settlement, asset servicing, global data management and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, derivatives, money market instruments, syndicated loans, mutual funds, alternative investment products, and insurance transactions. In 2012, DTCC’s subsidiaries processed securities transactions valued at approximately US$1.6 quadrillion. Its depository provides custody and asset servicing for securities issues from 131 countries and territories valued at US$37.2 trillion. DTCC’s global trade repositories record more than US$500 trillion in gross notional value of transactions made worldwide.
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