Mellon Financial Corporation has opened its new European headquarters at Blackfriars, London. HRH The Princess Royal will open the new offices officially on Thursday, 10 June 2004.
Mellon Financial Centre, located at 160 Queen Victoria Street, will be the new home to more than 1,400 Mellon staff working in 14 businesses, which were previously accommodated in 10 locations around London. The new building, situated opposite Blackfriars station and overlooking the River Thames, provides Mellon with the first opportunity, since embarking on its European venture almost 30 years ago, to consolidate its varied capabilities under one roof.
Chairman and Chief Executive Officer of Mellon, Martin G. McGuinn, said: “As our business sectors continue to exhibit positive momentum globally and we expand our products and services to new markets, we are committed to having the right facilities to accommodate this growth. Ourinvestment in Mellon Financial Centre not only exemplifies our commitment to growing our businesses across Europe, but also in recognizing that London is the financial capital of the continent.”
Mellon’s businesses in Europe have grown from 200 employees seven years ago to more than 2,200, of whom altogether 2,000 are UK-based.