American Funds, a division of Capital Group, has announced the opening of a funds service center, which will be located in the city of Chesapeake, Va., and will result in the creation of 250 new jobs, most with starting salaries of $30,000.

The $13.7 million operations center is going to be located in the Executive Park, in the Chesapeake Greenbrier Business District.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.