Deutsche Bank unit DB Global Technology has vowed to spend $13.5 million expanding its North Carolina software development centre, creating 431 new jobs.
DB Global Technology was created by Deutsche Bank in 2009 through the opening of the Wake County centre, which currently employs around 250 people.
The site 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.
Deutsche Bank chose Wake County after North Carolina's Economic Investment Committee awarded it a job development investment grant worth up to $9.4 million over 11 years, dependent on job creation, wages and investment commitments being met.
The bank has now decided to increase its presence in the area with the creation of 431 new jobs by the end of 2016 and another $13.5 million in investment as it expands operations to "focus on strategic application development work and the development of technology solutions".
John Eagleson, COO, DB Global Technology, says: "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."