BNY Mellon establishes new International Clearing Business in Dublin

The decision by BNY Mellon to establish this new company in Dublin is excellent news for the international financial services sector here. The company already employs a large work force at its operations in Dublin, Cork, Wexford and Navan, offering a broad range of services including asset servicing, alternative investment services and corporate trust. The addition of BNY Mellon Clearing International and the creation of 50 new jobs is great news for the industry.

Barry O’Leary, CEO of IDA Ireland

IDA Ireland today welcomed the announcement by BNY Mellon, a global leader in investment management and investment servicing, that it is to establish a new company in Dublin, BNY Mellon Clearing International, with the creation of 50 new high quality jobs. BNY Mellon Clearing International will be an important addition to BNY Mellon’s Irish operations which currently employ over 1,800 people. IDA Ireland worked closely with BNY Mellon to help secure this new investment for Ireland.

BNY Mellon Clearing International will clear listed futures and option trades on behalf of institutional clients in Europe, Middle East and Africa (EMEA). Services provided by the company are expected to include service delivery and operations, finance,compliance, risk management and client services.

Welcoming the announcement, Barry O’Leary, CEO of IDA Ireland said, 
 
‘The decision by BNY Mellon to establish this new company in Dublin is excellent news for the international financial services sector here. The company already employs a large work force at its operations in Dublin, Cork, Wexford and Navan, offering a broad range of services including asset servicing, alternative investment services and corporate trust. The addition of BNY Mellon Clearing International and the creation of 50 new jobs is great news for the industry.

Ireland is open for business and we continue to grow our international financial services sector, securing cutting-edge investments from companies such as BNY Mellon. On behalf of IDA Ireland I would like to offer continued support to BNY Mellon as it continues to grow its Irish operations'.