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.