BNY Mellon is to establish a new company in Dublin, which will create 50 new jobs over the next two years.
The new division, BNY Mellon Clearing International, will be headquartered in Dublin, the asset management firm announced today.
The new company – the first of its kind in Ireland – will clear futures and derivatives trades on behalf of institutional clients in Europe, the Middle East and Africa.
Commenting on the news, Joe Duffy, the country executive for BNY Mellon in Ireland, said, “Today’s announcement represents another milestone in our Irish growth strategy and supports our ongoing commitment to expand the range of capabilities we offer from Ireland to both local and global clients.”
The 50 new high-value positions will be in the areas of sales, finance, risk management, technology, operations, compliance and legal.
BNY Mellon already employs more than 1,800 people in Ireland, across offices in Dublin, Cork, Wexford and Navan. It is the bank’s second-largest location in Europe.
BNY Mellon Clearing International Limited plans to become a clearing member on major exchanges and central clearinghouses globally to support the trading activities of BNY Mellon.
Photo: Joe Duffy, the country executive for BNY Mellon in Ireland
Article courtesy of Businessandleadership.com