Helping to support operations in more than 100 markets in 36 countries, the company's Metro Nashville expansion will bolster the firm's global technology infrastructure.

"As BNY Mellon continues to grow worldwide through acquisitions and organically, and also expand our broad array of investment management and investment services products, we are committed to supporting that growth and progress with a world-class technology infrastructure," said Don Enfinger, managing director and general manager of BNY Mellon's TPC operations. "After a thorough analysis of potential locations around the country, we found that the best site for our IT-related expansion would be right where we are now, connected to our existing Tennessee locations. This has been a great city for us to establish a strong presence, and we're proud to remain a key player in the continued economic growth of the region.

"Nashville has emerged as an important center for our technical operations," Enfinger continued. "The region has a well-educated workforce; strong educational institutions; a high-quality standard of living; and exceptional communities for our employees to live."

Current plans call for BNY Mellon to double the size of its current 15,000-square-feet offices at Two Rivers Corporate Centre, as well as to construct a new, three-story, 155,000-square-feet processing facility in Davidson County. Following the completion of these two projects, BNY Mellon will occupy nearly 350,000-square-feet of space in the Metro Nashville area.

Shaub Construction Company, Inc., a local organization, was recently named general contractor for the Two Rivers project, which is scheduled to be completed by the fourth quarter of this year.

Support for BNY Mellon's expansion was negotiated in part by Nashville Mayor Karl Dean's Office of Economic and Community Development, the Tennessee Department of Economic and Community Development, the Tennessee Department of Revenue, the Tennessee Valley Authority and the Nashville Area Chamber of Commerce. This team worked together to help the company recognize that Tennessee is a competitive, attractive region for its plans for ongoing growth.

"Existing Tennessee businesses account for almost 86 percent of all new jobs created in the state," Tennessee Gov. Bill Haslam said. "When companies with Tennessee operations like BNY Mellon choose to expand here, they provide a solid foundation for our state's economy and are the basis for future job growth. We appreciate the company's continued commitment to and investment in Nashville."

"Helping existing businesses remain and grow here is fundamental to continuing our city's strong economic growth," Nashville Mayor Karl Dean said. "Not only is BNY Mellon creating new, high-quality jobs for our citizens, but they also are investing in the construction of a new facility which will have a positive impact. We appreciate their continued investment in Nashville and believe it's a testament to our city's appeal as a place to do business."

"Designed specifically for our current and future business growth through high density processing solutions, along with using the latest in network technology, our new building will allow us to support future generations of newer, faster equipment, which are focused on power saving, green technology efficiencies," Enfinger said.

Separately, BNY Mellon is to expand its Scottish operations, creating over 60 new jobs, Scotland's Cabinet Secretary for Finance John Swinney, announced today.

BNY Mellon, which provides investment management expertise, investment servicing solutions and other financial services to institutions, corporations and high-net-worth individuals globally is expanding its Blenheim Place offices and creating over 60 jobs, increasing its Scottish workforce to approximately 650 employees.

Operating in 36 countries and serving more than 100 markets, BNY Mellon has had a presence in Scotland for more than 20 years and today operates from three locations in Edinburgh. The company has over approximately $25.5 trillion dollars in assets under custody and administration and approximately $1.2 trillion dollars in assets under management services, approximately $12 trillion dollars in outstanding debt and processes global payments averaging approximately $1.7 trillion dollars per day.

Scottish Enterprise, Scottish Development International and Skills Development Scotland have worked closely with the company to support its Scottish growth plans. This announcement is the latest in a number of investments and job growth opportunities in Scotland from leading financial services companies. Scotland's financial services industry makes a substantial contribution to the economy employing approximately 95,000 people and accounting for around eight per cent of the country's GDP.

"Scotland has established a global reputation for financial services excellence, with the infrastructure and skilled workforce that can deliver success," said Cabinet Secretary for Finance, Employment and Sustainable Growth John Swinney. "BNY Mellon has had a presence in Scotland for more than 20 years. I am delighted the company is reaffirming their commitment to Scotland through expanding their operations and creating over 60 new jobs. The company's decision to invest further in Edinburgh reflects the quality and skills of the local workforce and Scotland's position as a world leader in financial services. Scotland remains a competitive and attractive destination for international finance, we continue to attract the biggest names in the industry, as today's news and the announcement earlier this month confirm."

"The Scottish Government, Scottish Enterprise and Scottish Development International recognise the substantial contribution that the financial services industry makes to our economy. Together we are doing all we can to promote Scotland's strengths as global centre for financial services and to secure new investment and jobs."

"Edinburgh is one of our business' key centres, and the investment we have made to build upon our existing presence here," said Tim Keaney, chairman of Europe, BNY Mellon. "Both through our ongoing recruitment programme and the refurbishment of our Blenheim Place offices, underlines our continued commitment to the city and to Scotland."

"Scotland is delighted BNY Mellon is expanding its operations in Blenheim Place. BNY Mellon has for many years invested in Scotland as a key financial center in recognition of the skilled workforce and success of current operations," said Danny Cusick, President of the Americas for Scottish Development International. "Scotland welcomes BNY Mellon's continued investment in Scotland's financial services sector and looks forward to helping fulfil their growth potential in Edinburgh."