The global financial services firm Bank of New York Mellon (BNY Mellon) plans to create over 60 new jobs in Edinburgh, Scotland and increase headcount in its Nashville, Tennessee operation.
In a statement released today, the bank said it's continued global growth has prompted expansion of its facilities in Tennessee.
A global leader in investment management and investment services, BYN Mellon says it will expand significantly its Tennessee Processing Center and nearby business office.
BNY Mellon's presence in Davidson County, Tennessee dates back to 2004. It has steadily grown from 60 employees to nearly 200 employees currently. Helping to support operations in more than 100 markets in 36 countries, the company says this expansion of its Metro Nashville presence will bolster the firm's global technology infrastructure.
"As BNY Mellon continues to grow worldwide through acquisitions and organically, and also expand our broad array of investment management and investment services products, we are committed to supporting that growth and progress with a world-class technology infrastructure," said Don Enfinger, managing director and general manager of BNY Mellon's Tennessee operations.
Current plans call for BNY Mellon to double the size of its current 15,000-square-feet offices at Two Rivers Corporate Centre, as well as to construct a new, three-story, 155,000-square-feet processing facility in Davidson County. Following the completion of these two projects, BNY Mellon will occupy nearly 350,000-square-feet of space in the Metro Nashville area.
In a separate announcement, the bank says it is also expanding its Scottish operations, creating over 60 new jobs that will be based in Edinburgh. That will increase BNY Mellon's Scottish workforce to approximately 650 employees.
Operating in 36 countries and serving more than 100 markets, BNY Mellon has had a presence in Scotland for more than 20 years and today operates from three locations in Edinburgh. The company has over approximately $25.5 trillion dollars in assets under custody and administration and approximately $1.2 trillion dollars in assets under management services, approximately $12 trillion dollars in outstanding debt and processes global payments averaging approximately $1.7 trillion dollars per day.
"Edinburgh is one of our business' key centres, and the investment we have made to build upon our existing presence here," said Tim Keaney, chairman of Europe, BNY Mellon. "Both through our ongoing recruitment programme and the refurbishment of our Blenheim Place offices, underlines our continued commitment to the city and to Scotland."
BNY Mellon is a global financial services company operating in 36 countries and serving more than 100 markets. BNY Mellon provides financial services for institutions, corporations and high-net-worth individuals.