Builds upon existing operation and expertise in Poland
LONDON, March 9, 2012 — BNY Mellon, the global leader in investment management and investment services, has announced its intention to create a new Global Delivery Centre (GDC) based in Wroclaw, Poland as part of an ongoing strategy to optimise its infrastructure and support its global business plans.
Staff at the new GDC will be working in highly skilled roles predominately in the areas of fund accounting and investment operations.
President Rafal Dutkiewicz, the Lord Mayor of Wroclaw, said: "The fact that two great brands, BNY Mellon and Wroclaw, have come together in this way makes me very pleased. I am also convinced that an investment on the part of such an innovative company, in such a dynamic city offering great academic potential, is destined to be successful. BNY Mellon is also well known as a socially responsible company, which is another asset for the City of Wroclaw."
Michael Cole-Fontayn, chairman of Europe, Middle East & Africa, said: "Poland is a central location within Europe, offering high quality staff and infrastructure, coupled with attractive economics and financial incentives. By leveraging our existing presence and pool of expertise in Wroclaw to create our new GDC, we can more swiftly enhance our offering to our clients as we help meet their needs across multiple geographies and time zones."
The new GDC sees BNY Mellon building upon the existing capabilities of its successful Wroclaw-based operation and its staff. This will allow the new GDC to become operational as swiftly and effectively as possible.
The existing Wroclaw facility was formerly operated by PNC Global Investment Servicing, which BNY Mellon acquired in July 2010, and currently employs just over 90 staff. The location has scope to accommodate up to 300 people.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $25.8 trillion in assets under custody and administration and $1.26 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com or follow us on Twitter @BNYMellon.
This press release is issued by The Bank of New York Mellon to members of the financial press and media. All information and figures source BNY Mellon International unless otherwise stated as at December 31, 2011. The Bank of New York Mellon, London Branch, registered in England and Wales with FC005522 and BR000818. Branch office: One Canada Square, London E14 5AL. Authorised and regulated in the UK by the Financial Services Authority.