Global bank BNY has announced plans to shut its Royal Liver Building office in Liverpool, with operations moving to Manchester.
The Bank of New York Mellon Corporation (BNY), which operates numerous locations worldwide, including its Liverpool base on the Pier Head housing subsidiary Pershing Securities Limited, is moving forward with closure plans.
The organisation is presently conducting consultations with Liverpool-based staff, and is reporting it plans to move its existing Merseyside operations to its new and expanded office in Manchester.
says BNY aims to close its Liverpool location by late 2026, and that some jobs may be risk.
A BNY representative told the Echo: "At BNY we continually evaluate our real estate footprint to ensure we are operating efficiently. We are intending to close our Liverpool office.
"For affected employees we have commenced a consultation process. We remain committed to serving our clients and relationships in the º£½ÇÊÓƵ market and internationally."
The office will continue operating until the conclusion of next year, with most impacted staff being offered relocation opportunities to Manchester, the Echo reports.
It is also believed that some 250 individuals are employed at the Liverpool facility.
BNY was founded in 1784 in New York City and achieved its present structure following a 2007 merger with Mellon Financial Corporation. With its main offices located in Manhattan, the company provides global financial services and operates several branches across England, including sites in Liverpool, London, two in Manchester, and one in Poole.
In relation to its º£½ÇÊÓƵ operations, the company's website says: "Our services include asset servicing, asset management, private equity and hedge fund administration, broker-dealer services, depositary receipts, corporate trust and treasury services."
BNY will next year move its Manchester base into the ten-storey 4 Angel Square building in NOMA as it aims to make the site one of its key global hubs.
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