Greater Manchester US delegation in expansion talks with banking giant

Andy Burnham, Alejandro Perez, Cllr Bev Craig

Expansion plans for a US bank’s Manchester office were top of the agenda for Greater Manchester leaders this week.

The Greater Manchester US Mayoral delegation met with Bank of New York Mellon on March 16, to discuss BNY Mellon’s Manchester office as a strategic growth location, as the company seeks to diversify its UK presence and leverage the city region’s strengths in technology, cyber, and commitment to social and environmental responsibility.

Plans on how the company will grow its investment into the Manchester city region were discussed during an introductory meeting between BNY Mellon chief administrative officer (CAO), Alejandro Perez, and Kevin McCarthy, general counsel with Greater Manchester Mayor, Andy Burnham, and Cllr Bev Craig, leader of Manchester City Council, at BNY Mellon’s headquarters in New York.

The meeting aimed to further enhance connectivity between the Greater Manchester Combined Authority (GMCA) and BNY Mellon and demonstrate GMCA’s support as the global organisation plans to expand its Manchester footprint by adding more tech, cyber and operational roles, in line with the city region’s Digital Skills Strategy.

Home to the UK’s fastest growing cyber sector, including GCHQ and established divisions of global defence companies, Greater Manchester’s cyber cluster also presents a great opportunity for employers to leverage the city region’s skilled and diverse talent for roles in risk management, operational resilience, and technological innovation.

Andy Burnham said: “To be one of BNY Mellon’s strategic locations is a clear sign of just how much potential major companies like BNY Mellon see in our city region.

“Today’s positive meeting caps a successful Greater Manchester mission to the US, which has been all about flying the flag for our city region and demonstrating to potential investors and partners that we have the skills base, the expertise, and the digital and tech infrastructure to drive innovation and bring prosperity for our residents and businesses.”

Cllr Bev Craig said: “This meeting today is testament to Manchester’s global stature as an inclusive and forward-thinking city, at the heart of a city region that is leading Europe in the growth of our digital and tech sectors.

“Being able to champion these qualities around the world is really important for strengthening existing relationships and forging new ones, and bringing vital investment to our city region. It was great to meet with Alejandro and Kevin in New York to discuss how we can continue building on our priorities of inclusive growth and shared prosperity.”

Alejandro Perez said: “We are committed to extending BNY Mellon’s culture and values throughout our locations and establish a strong career path for our employees around the world.

“Since we first opened our doors in Manchester, the site has provided access to the region’s most skilled, diverse talent – in turn providing career opportunities to employees on a local, regional and global scale. We believe our presence in the city will play an important part of BNY Mellon’s future growth strategy and success.”

Joe Manning, managing director, MIDAS, Manchester’s inward investment agency, said: “It is great to see BNY Mellon – a global organisation that first invested into Manchester 18 years ago – renew their commitment here, not only because of the sector strengths and talent provision but their affinity with the city region’s core social, economic and environmental values.

“This alignment of objectives and ambition is critical for maximising innovation and in creating good quality jobs. We really look forward to supporting BNY on the next phase of their growth journey.”