BNY Expands Execution in the EU with New Trading Desk in Ireland

DUBLIN, Oct. 15, 2024 -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, has established a new EU trading desk in Dublin, Ireland, enhancing its ability to deliver integrated execution services to EU-based clients.

The new trading desk marks a strategic development in BNY's execution services offering, facilitating more efficient execution of trades for EU-based clients across global fixed income and equity markets. This expansion will help streamline service delivery in alignment with regional market needs. With a projected annual growth rate of 4.4% from 2024 to 2029¹ in Europe's wealth management market, the desk will enable BNY to enhance its proposition to wealth managers and their retail clients across the EU.

"Expanding into the EU is a direct response to the growing demand from our EU-based clients for execution services," said Adam Vos, Global Head of Markets at BNY. "The addition of our new team in Ireland enhances our ability to offer seamless and efficient services. We're committed to strengthening our international offering of execution services and meeting the needs of our clients in the EU and beyond."

This development strengthens BNY's operational ecosystem and suite of execution services in the European market with solutions such as comprehensive Execution to Custody for BNY's Markets, Pershing and Asset Servicing clients. Bianca Gould, Head of Equities and Fixed Income EMEA, Markets at BNY, will lead the execution services offering across the region.

"The EU trading desk, situated in Dublin, is now fully operational and live," said Paul Kilcullen, Country Head Ireland at BNY. "Clients can execute equities and fixed income with enhanced support across time zones by BNY's global team. This is a key milestone in our international growth strategy, which will have a positive impact on Ireland's growing role as a key financial hub in Europe."

¹ Source: 'Wealth Management in Europe Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024-2029)', Mordor Intelligence.

About BNY

BNY is a global financial services company that helps make money work for the world - managing it, moving it and keeping it safe. For 240 years BNY has partnered alongside clients, putting its expertise and platforms to work to help them achieve their ambitions. Today BNY helps over 90% of Fortune 100 companies and nearly all the top 100 banks globally to access the money they need. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals, and so much more. As of September 30, 2024, BNY oversees $52.1 trillion in assets under custody and/or administration and $2.1 trillion in assets under management.

BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Headquartered in New York City, BNY employs over 50,000 people globally and has been named among Fortune's World's Most Admired Companies and Fast Company's Best Workplaces for Innovators. Additional information is available on www.bny.com. Follow on LinkedIn or visit the BNY Newsroom for the latest company news.

This Press Release is issued by BNY to members of the press and media and the information contained herein should not be construed as investment advice or a recommendation of any investment strategy or product. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorized.

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