23 January 2018
visit http://response.ncr.com

BNY Mellon moves Dutch operations to Belgium

02 October 2009  |  1374 views  |  0 Source: BNY Mellon

BNY Mellon, a global leader in securities servicing and asset management, having received all required regulatory approvals has today announced the merger of its Dutch-based subsidiary BNY Mellon Asset Servicing B.V. into the Belgian bank entity it established in May of this year.

The merger sees the Belgian bank assume all of BNY Mellon Asset Servicing B.V.'s operations, which encompass asset servicing activities across London, Amsterdam, Breda, Luxembourg and Frankfurt and employ a total of 500 staff.

The Belgian bank was created to act as the lead European entity for the BNY Mellon's asset servicing activities. Following the merger, it will have assets of circa EUR36 billion, making it the sixth largest* bank in Belgium, and will employ approximately 1400 staff. It will have branches in the Netherlands, the United Kingdom, Germany and Luxembourg.

Nadine Chakar, CEO of the Belgian bank, said: "By merging our Dutch-based B.V. into our Belgian bank we have further aligned our various legal entity structures to support our growth strategy within the EMEA region.

"Our creation of a regional hub in Brussels gives us a financial, commercial and operational base that allows us to step up the ongoing expansion of our business across the region and consolidates our position as the leading provider of securities servicing globally. Our Belgian banking licence will also benefit us when it comes to future membership in European payment platforms."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.thomsonreuters.infovisit www.capgemini.comvisit www.ebaday.com

Top topics

Most viewed Most shared
Banks shift priorities toward growth, digitisation and innovation - surveyBanks shift priorities toward growth, digi...
9314 views comments | 37 tweets | 48 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
9161 views comments | 14 tweets | 14 linkedin
BofA leads on blockchain patentsBofA leads on blockchain patents
8947 views comments | 12 tweets | 12 linkedin
Sbanken opens developer portal and invites customers to build their own digital bankSbanken opens developer portal and invites...
8268 views comments | 17 tweets | 11 linkedin
Metro Bank joins digital revolution with instant online account openingMetro Bank joins digital revolution with i...
6908 views comments | 13 tweets | 25 linkedin

Featured job

Germany, Austria or Switzerland

Find your next job