The company has confirmed it will close its Liverpool officeDan Haygarth Liverpool Daily Post Editor and Regeneration Reporter
12:28, 19 Sep 2025Updated 15:48, 19 Sep 2025
The company’s Liverpool office is based in the Royal Liver Building(Image: Colin Lane/Liverpool Echo)
Jobs could be at risk as an international company has made the decision to close its office in the Royal Liver Building. The Bank of New York Mellon Corporation (BNY) has a number of offices around the world, including its Liverpool base on the Pier Head, which houses its subsidiary Pershing Securities Limited.
The company is currently in a consultation process with employees based in Liverpool and the ECHO understands the closure is to facilitate a move into a new site in Manchester, bringing together the Merseyside operation and its existing Manchester offices. The ECHO also understands BNY intends to close its Liverpool site by the end of 2026 and jobs could be at risk in the process.
A BNY spokesperson 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 UK market and internationally.”
The company’s Liverpool office is found in the Liver Building(Image: Colin Lane/Liverpool Echo)
The office will remain open until the end of next year and the majority of affected employees will be given the opportunity to transfer to Manchester, the ECHO understands. It is also understood around 250 people work in the Liverpool office.
BNY is one of the world’s oldest banks – it was founded in 1784 in New York City. It merged with the Mellon Financial Corporation in 2007, giving the company its current form.
Its headquarters are found in Manhattan and offers global financial services. It currently operates a number of offices in England.
These include its Liverpool site, London, two offices in Manchester and one in Poole.
Regarding its operations in the UK, the firm’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.”
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