BNY Mellon opens Manchester CHAPS processing centre
US financial services group BNY Mellon, which employs around 1,200 people at two sites in Manchester, has opened a new global payment processing centre in the city.
The move, which will help secure jobs, follows the bank joining and taking a shareholding in CHAPS, the payments system that processes and settles payments in sterling. The company has selected its Manchester site as the processing centre for all CHAPS payments.
BNY Mellon’s chairman for Europe, Middle East and Africa, Michael Cole-Fontayn, said opened the new facility and said Manchester remained an attractive destination for inward investment.
“It has all the benefits and attractions of some of the most vibrant cities in the world. World class universities, excellent infrastructure and connectivity, a thriving cultural scene, a broadening range of job opportunities, all which act as a magnet for highly skilled professionals seeking a successful career and good quality of life.
“Manchester is one of the largest financial and professional hubs in the UK outside of London. This makes Manchester a highly compelling location for global financial institutions, like BNY Mellon, seeking to attract the industry’s top talent.”
Steve Hayes-Allen, who runs the Manchester sites at 3 Hardman Street and 1 Piccadilly, said the bank is increasingly seeking more skilled staff to deal with more complex transactions.
“While we continue to grow, our focus today is more on the quality and complexity of roles posted here in Manchester, providing aspirational career paths for our people who enjoy working here and wish to develop their careers with us.
“The launch of our new CHAPS facility in Manchester is clear evidence of this growing role complexity, as well as our company’s continued investment in the city.”
