The Bank of New York Mellon Corporation (BNY Mellon) is to expand its Scottish workforce to 650 employees with the creation of 60 new jobs in Edinburgh.

BNY Mellon is one of the world’s leading financial services companies offering investment management expertise and other financial solutions to businesses, institutions and individuals.

The new jobs, part of an expansion of BNY Mellon’s Blenheim Place offices in the capital, have been secured with the involvement of Scottish Development International, Scottish Enterprise and Skills Development Scotland.

The company manages assests totalling £733 billion and has had a presence in Scotland for 20 years. The firm currently has three locations in Edinburgh.

The new jobs show BNY Mellon’s committment to Scotland’s substantial financial services sector. The industry in Scotland currently employs around 95,000 people, contributing approximately 8 percent of the country’s GDP.