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A Dynamic Regional Cluster
Just a 30 minute drive from Wall Street to New York’s lower Hudson Valley, the region has naturally developed into a vibrant hub for a number of prominent financial and insurance businesses. Fortune 500 companies such as MasterCard, Morgan Stanley, Bank of America,
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Morgan Stanley
Harrison, NY |
J.P.
Morgan and New York Life Insurance are headquartered or have major operations in the Hudson Valley.
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MasterCard, the global credit card company, has its world headquarters in Purchase.
- Global financial guarantor, MBIA Inc., and its principal operating subsidiary, MBIA Insurance Corporation, are both headquartered in Armonk.
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Swiss Re Headquarters
Armonk, NY |
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- Swiss Reinsurance America Corporation and Swiss Re Life & Health America are also headquartered in Armonk.
- Amalgamated Life Insurance Company relocated its headquarters from Manhattan to
White Plains.
- AllianceBernstein and Endurance Reinsurance are among scores of other financial and insurance firms expanding in the Hudson Valley.
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Hot Spot for Data Recovery and Backup
The Hudson Valley region, in close proximity to New York City and the state capital of Albany, is a key location for data backup and recovery centers. Synchronous data transfer is possible with locations within an hour of Wall Street. The region also offers six geographically diverse fiber optic routes for fail-safe redundancy. |
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Well-Educated Workforce
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New York’s Hudson Valley has more than 30 colleges and universities that turn out a steady stream of well-educated employees. In close proximity to New York City, the region also has access to top talent from Columbia University, New York University and other nearby schools that fuel the regional workforce with MBAs. More than 180,000 workers in the region have advanced degrees. |
- The IBM Business Continuity and Recovery Service Center in Sterling Forest protects Fortune 500 companies, banks and Wall Street giants in case of a disaster.
- Cervalis, a data backup and disaster recovery center, does the same from a former IBM data center in Wappingers Falls.
- More than 2,000 people work in the Morgan Stanley data center/backup trading facility in Harrison.
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| Hudson Valley Financial and Insurance Companies |
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- AllianceBernstein
- Amalgamated Life
- Bank of America
- Bank of New York
- Citibank
- Endurance Reinsurance
- Irwin Siegel Agency
- JP Morgan
- MasterCard
- MBIA
- Morgan Stanley
- New York Life
- Nomura Securities
- Swiss Re
- UBS Painewebber
- Uniprise
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