This article provides background on major investment companies located in Philadelphia. It covers their history, services, assets under management, and recent news. Key companies like Vanguard and Susquehanna International Group are discussed.
Vanguard’s growth in Philadelphia
Vanguard has operated a major campus in Malvern, PA since the 1970s. The suburban Philadelphia location now employs over 5,000 people in areas like marketing, IT, operations, and client services. Vanguard manages over $7 trillion in global assets, making it one of the world’s largest investment managers.
Susquehanna’s trading expertise
Susquehanna International Group, based in Bala Cynwyd, focuses on trading and market making for equities, options, and ETFs. The privately-held firm uses quantitative models and automation to provide liquidity across global markets. Susquehanna has over 1,600 employees and expanded lately into cryptocurrency trading.
Philadelphia has nurtured major players in asset management and trading like Vanguard and Susquehanna International Group, attracting top talent to the region.