Global asset manager and securities servicer The Bank of New York Mellon Corp. plans to build a 155,000-square-foot processing center as part of a Davidson County expansion that will double its operations here and add a number of jobs.
BNY Mellon also is doubling the amount of space it is leasing at Two Rivers Corporate Centre to 30,000 square feet and has hired Shaub Construction to handle the buildout there. The new processing center will rise next to BNY Mellon's facility on Brick Church Pike and construction should begin early next year.
BNY Mellon came to Nashville in 2004 and now employs about 200 people. A spokesman said the company will add jobs incrementally as its plans progress but said he "wouldn't go that far" when asked if the number of new jobs would be in the dozens. When both expansion projects are complete, the company — which has more than $25 trillion in assets under custody and administration and another $1.2 trillion under management — will have a 350,000-square-foot Metro presence.
"After a thorough analysis of potential locations around the country, we found that the best site for our IT-related expansion would be right where we are now, connected to our existing Tennessee locations," said Don Enfinger, managing director and general manager of BNY Mellon's Tennessee operations. "This has been a great city for us to establish a strong presence, and we're proud to remain a key player in the continued economic growth of the region."
This morning's announcement is another feather in Metro's ECD cap, coming on the heels of last week's news that call center manager IQT plans to lease downtown space that could eventually house 900 positions.