At the heart of Cork’s fast-growing Financial Services hub
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. As of June 30, 2018, it had $33.6 trillion in assets under custody or administration and $1.8 trillion in assets under management.
Headquartered in New York, BNY Mellon delivers informed investment management and investment services in 35 countries. Cork is one of three Irish operations and in 2016, the company celebrated 10 years in Cork. This milestone presented the opportunity for the senior management team in Cork to reflect on how their team is playing a vital role not only operationally, but locally as an important influencer in the local financial services cluster and as a key contributor to an array of community initiatives.
David Kelly, who joined BNY Mellon in Cork when it opened in 2006 and is now co-site head along with Sarah Kenefick, commented, “For me, I see our Cork operation as being all about the 3 Cs – commitment, collaboration and community. We have proven our capability as part of the global BNY Mellon network. Innovation is a key value for our employees located at our site and the spirit of innovation that permeates Cork is very much aligned with the culture within BNY Mellon. Cork is specifically achieving success through development and exploitation of tech solutions. We’re continually seeking to reduce complexity for our clients as well as looking at ways to enhance efficiency through process. Our team is highly competent and trusted within the global organisation and their commitment shines through.”
"...Innovation is a key value for our employees located at our site and the spirit of innovation that permeates Cork is very much aligned with the culture within BNY Mellon..."
As perhaps could be anticipated in a global financial services company, the commerciality and customer service ethos is evident but the collaborative element is also important and a factor that is common with many other organisations in Cork.
“Our ability to collaborate, support and influence is critical. Our collaborative effort starts with clients and colleagues but extends far beyond the direct business. We have been active locally with the Chamber of Commerce’s drive to grow Cork as a Financial Services hub and we contribute to the Irish Funds working groups which seek to enhance the regulatory environment and develop best practice in a range of areas across the funds industry.”
There’s an openness and commerciality in Cork that’s also allowed BNY Mellon to collaborate successfully with other significant companies based here such as Dell EMC and Pfizer.
Last but not least, the Community aspect is important to BNY Mellon and its local employees.
“In Cork, we’re closely associated with a number of local charities and are proud to have partnered successfully with the Simon community over a number of years. Being part of an organisation with a presence in other Irish locations offers us the opportunity to participate in community initiatives which have a national focus and the team in Cork is this year collaborating with our sister sites in Wexford and Dublin to support Our Lady’s National Children’s Hospital in Crumlin and the Children’s Medical Research Fund. We also provide flexibility for and actively encourage volunteering – it provides a completely fresh perspective and our staff often convey that they learn new skills that they can apply in their roles – we believe it’s a fantastic tool for staff development while also supporting those who need it most. Finally, we appreciate access to the third level institutions locally and are proud to employ local top flight graduates.”
And the future for BNY Mellon in Cork? “We’re confident,” reports Kelly. “We’re part of a global and strategically important industry player that understands how regional operations and diversity can be leveraged for success. Cork embodies that model and our skills, infrastructure and innovative approach means we’re ready to tackle any challenges that may appear on the horizon.”