Business expansion
European Union
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

1,500 jobs
Number of planned job creations
Job creation
Announcement Date
12 May 2009
Employment effect (start)
Foreseen end date
31 December 2009


BNY Mellon, a firm specialising in asset management, will create 1500 new jobs across the EU after opening a new bank, headquartered in Belgium.

By the end of 2009, the new Belgian bank will conduct activities carried out by the existing BNY Mellon Brussels branch.  Jobs will be created in London, Brussels, Amsterdam, Breda, Luxembourg and Frankfurt. With projected total assets of 44 billion euros, The Bank of New York Mellon SA/NV will employ 1500 staff.

"By creating this regional hub in Brussels, we are putting in place a financial, commercial and operational base which will allow us to continue to expand our business across the region and consolidate our position as the leading provider of securities servicing globally. Our Belgian banking licence will also benefit us when it comes to future membership of European payment platforms," said Nadine Chakar, Executive Vice-President at BNY Mellon Asset Servicing.



Eurofound (2009), Bank of New York Mellon Corporation, Business expansion in European Union, factsheet number 69300, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69300.