The Bank of New York Mellon Corporation has established a new EU trading desk in Dublin, Ireland, to bolster its integrated execution services for clients based in the European Union. This strategic expansion aims to facilitate more efficient trade execution for EU-based clients across global fixed income and equity markets.
The new desk is designed to streamline service delivery and align with regional market needs, particularly in Europe's wealth management market, which is projected to grow at an annual rate of 4.4% from 2024 to 2029. This move enhances BNY Mellon's proposition to wealth managers and their retail clients across the EU.
This development strengthens BNY Mellon's operational ecosystem and suite of execution services in the European market, offering comprehensive Execution to Custody solutions for its Markets, Pershing, and Asset Servicing clients. The Dublin desk is fully operational, providing enhanced support across time zones.
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