BNY Mellon

The Bank of New York Mellon Corporation
Company typePublic
Industry
Predecessors
FoundedJuly 1, 2007 (2007-07-01)
Headquarters240 Greenwich Street
Manhattan, New York City, U.S.
Area served
Worldwide
Key people
  • Robin Vince (CEO)
  • Dermot McDonogh (CFO)
Products
RevenueIncrease US$17.50 billion (2023)
Increase US$4.088 billion (2023)
Increase US$3.051 billion (2023)
AUMIncrease US$1.974 trillion (2023)
Total assetsIncrease US$409.9 billion (2023)
Total equityIncrease US$40.87 billion (2023)
Number of employees
c. 53,400 (December 2023)
SubsidiariesBNY Mellon Investment Management
WebsiteBNYMellon.com
Footnotes / references
[1]

The Bank of New York Mellon Corporation, commonly known as BNY Mellon, is an American banking and financial services corporation headquartered in New York City. The bank offers investment management, investment services, and wealth management services.[2] BNY Mellon was formed from the merger of The Bank of New York and the Mellon Financial Corporation in 2007. It is the world's largest custodian bank and securities services company,[3][4][5] with $1.8 trillion in assets under management and $45.7 trillion in assets under custody as of 2023.[6] It is considered a systemically important bank by the Financial Stability Board.

Through its Bank of New York predecessor, it is the oldest bank in the United States and the first listed on the New York Stock Exchange. It is regarded as being among the oldest banks in the world, having been established in June 1784 by a group that included American Founding Father Alexander Hamilton.[7] T. Mellon and Sons Bank, was founded in Pittsburgh in 1869 by Thomas Mellon and his sons Richard and Andrew, the latter of whom later became Secretary of the US Treasury.[8] The bank replaced its name with Mellon National Bank in 1902.[8]

  1. ^ "The Bank of New York Mellon Corporation 2023 Annual Report". U.S. Securities and Exchange Commission. Retrieved February 28, 2024.
  2. ^ "Meaghan Muldoon to spearhead sustainability at BNY Mellon". FinTech Global. May 25, 2023. Retrieved December 4, 2023.
  3. ^ Cite error: The named reference Teather06 was invoked but never defined (see the help page).
  4. ^ Cite error: The named reference Fitzpatrick07 was invoked but never defined (see the help page).
  5. ^ Cite error: The named reference Tascarella07 was invoked but never defined (see the help page).
  6. ^ "About BNY Mellon". www.bnymellon.com. Retrieved March 8, 2021.
  7. ^ Cite error: The named reference Globe2011 was invoked but never defined (see the help page).
  8. ^ a b Loosvelt, Derek; Vault (Firm) (2006). Vault Guide to the Top Financial Services Employers. New York: Vault Inc. p. 298. ISBN 978-1-58131-416-8.

From Wikipedia, the free encyclopedia · View on Wikipedia

Developed by Nelliwinne