Bank of New York Mellon
Categories
#353
Rank
$59.25B
Marketcap
United States
Country
Aaron Burr (Founder)
Alexander Hamilton (Founder)
Financial and Banking
Summary
BNY Mellon is an investment company that provides investment management, investment services, and wealth management services. BNY Mellon's history of providing distinguished service spans 225 years. Founded in 1784, soon after the birth of the new American republic, their history is inextricably woven into the broader history of the nation.
BNY Mellon is a global leader in investment management and investment services. They are focused on helping clients manage and service their financial assets. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. BNY Mellon is a global investment company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations, or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of December 31, 2013, BNY Mellon had $27.6 trillion in assets under custody and/or administration and $1.6 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments.
History
2008: In November, the company announced that it would lay off 1,800 employees, or 4 percent of its global workforce, due to the financial crisis.
2009: The company received $3 billion from TARP, which it paid back in full in June, along with US$136 million to buy back warrants from the Treasury in August. BNY Mellon purchased Insight Investment, a management business for external funds, from Lloyds Banking Group.
2013: In the results of the Federal Reserve's Dodd-Frank stress test, the bank was least affected by hypothetical extreme economic scenarios among the banks tested. BNY Mellon began a marketing campaign to increase awareness of the company that included a new slogan and logo.
2014: In June the company combined its global markets, global collateral services and prime services to create the new Markets Group, also known as BNY Markets Mellon. The company expanded its Hong Kong office in October as part of the company's plans to grow its wealth management business. The company's capital had steadily risen from the financial crisis. It was also a top performer on the same test that year.
2017: In September, BNY Mellon announced that it agreed to sell CenterSquare Investment Management to its management team and the private equity firm Lovell Minnick Partners.
2018: In January, BNY Mellon announced that it was again moving its headquarters location, less than four years after its prior move.
Mission
We power success across the financial world for individuals and institutions through unique insights, thinking and actions.
Vision
Improving lives through inclusion, innovation and investing.
Key Team
John Hinshaw (Board Member)
Thomas Mellon (Founder)
Christine C Smith (President/COO/Co-Founder)
Alan Flanagan (Board Member)
Thomas Mellon (Founder)
Catherine Rein (Board Member)
Adam Vos (Chief Executive Officer of BNY Mellon Markets)
Charles Scharf (CEO)
Adriano Koelle (Chairman of Latin America and Country Executive For Brazil)
Edward Garden (Board Member)
Aengus Hallinan (Managing Director, Chief Technology Risk Officer and Head of Enterprise-Wide Risk Management)
Elizabeth E. Robinson (Board Member)
Akash Shah (Senior Executive Vice President, Head of Strategy and Global Client Management)
Hani Kablawi (Chairman of International)
Alan Flanagan (Board Member)
Jeffrey Goldstein (Board Member)
Aaron Burr (Founder)
Jennifer Keeney (Board Member)
Alexander Hamilton (Founder)
Jennifer Morgan (Board Member)
Christine C Smith (President/COO/Co-Founder)
Recognition and Awards
References
https://en.wikipedia.org/wiki/BNY_Mellon
https://www.zippia.com/the-bank-of-new-york-mellon-careers-11407/
https://www.crunchbase.com/organization/bnymellon
https://www.companieshistory.com/bank-new-york-mellon-bny-mellon/
https://sec.report/CIK/0001297996
https://companiesmarketcap.com/largest-companies-by-revenue/
https://www.linkedin.com/company/bny-mellon
https://finance.yahoo.com/quote/BK/
https://www.forbes.com/companies/bank-of-ny-mellon/
https://www.bloomberg.com/profile/company/3744Z:US
Aaron Burr (Founder)
Alexander Hamilton (Founder)
Financial and Banking