BNY Mellon To Add Nearly 400 Jobs to Westborough Massachusetts

Bank of New York Mellon Corp., which recently announced plans to move 200 workers from Rhode Island to Westborough, now says it plans to add nearly twice that number of jobs in Massachusetts.

The financial giant, which already has 4,000 jobs in the state, said it now plans to move at least 250 jobs from Pawtucket, R.I., to Westborough this fall and also will create nearly 150 new jobs at the site next year. The bank handles recordkeeping and other administrative chores for mutual fund companies at its Westborough facility.

BNY Mellon, the largest custodian bank in the country with $25.5 trillion in assets under management, has been able to expand by selling additional services to existing clients, which include mutual funds, pension funds, and other institutions.