The Bank of New York Mellon Corporation, 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 2029^[1] of 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.”

Source: BNY