Profile: Bank of New York Mellon Corp (BK)
20 Jul 2017
The Bank of New York Mellon Corporation, incorporated on February 9, 2007, is an investments company. The Company operates businesses through two segments: Investment Management and Investment Services. The Company also has an Other segment, which includes the leasing portfolio, corporate treasury activities (including its investment securities portfolio), derivatives and other trading, corporate and bank-owned life insurance and renewable energy investments, and business exits. As of December 31, 2016, the Company had $29.9 trillion in assets under custody and/or administration and $1.6 trillion in assets under management.
The Company's principal banking subsidiaries are The Bank of New York Mellon and BNY Mellon, National Association (BNY Mellon, N.A.). The Bank of New York Mellon is a New York state-chartered bank, which houses its Investment Services businesses, including Asset Servicing, Issuer Services, Treasury Services, Broker-Dealer and Advisor Services, as well as the bank-advised business of Asset Management. BNY Mellon, N.A. is a national bank, which houses its Wealth Management business. The Company's principal banking subsidiaries engage in trust and custody activities, investment management services, banking services and various securities-related activities. It has four other United States bank and/or trust company subsidiaries focusing on trust products and services across the United States: The Bank of New York Mellon Trust Company, National Association, BNY Mellon Trust of Delaware, BNY Mellon Investment Servicing Trust Company and BNY Mellon Trust Company of Illinois.
The Company's Investment Management boutiques offer a range of actively managed equity, fixed income, alternative and liability-driven investments, along with passive products and cash management. In addition to the investment boutiques, its Investment Management business has multiple global distribution entities, including BNY Mellon Investment Management EMEA Limited, BNY Mellon Investment Management Hong Kong, BNY Mellon Investment Management Korea, BNY Mellon Investment Management Australia and BNY Mellon Investment Management Singapore, which are responsible for distributing investment products manufactured by the investment boutiques. In addition, the Dreyfus Corporation and its affiliate, the MBSC Securities Corporation, are responsible for the United States investment management and distribution of retail mutual funds, and certain offshore funds. BNY Mellon Wealth Management provides investment management, custody, wealth and estate planning and private banking services.
BNY Mellon Investment Services provides business and technology solutions across the investments process to financial institutions, corporations, foundations and endowments, public funds and government agencies. The Company offers asset servicing, clearing services, issuer services and treasury services to its clients. Its suite of asset servicing solutions includes global custody, foreign exchange, global fund services, securities finance, investment manager outsourcing, performance and risk analytics, alternative investment services, broker-dealer services, and collateral and liquidity services. It offers financial reporting, tax reporting services, calculating and reporting net asset values (NAVs), computing yields, maintaining brokerage account records and providing administrative support for the United States Securities and Exchange Commission and other compliance requirements.
The Company's alternative investment services and structured products business provides a range of solutions for alternative investment managers, including prime custody, fund accounting, client and regulatory reporting services. It also supports exchange-traded funds and unit investment trusts, providing fund administration, custody, basket creation and dissemination, authorized participant interaction and order processing, among other services. Securities finance delivers solutions on both an agency and principal basis. In liquidity services, its portal enables cash investments for institutional clients through money market funds, deposit products and direct investments in money market securities, and includes fund research and analytics. Its broker-dealer services business clears and settles equity and fixed-income transactions around the globe. Its clearing services provides business and technology solutions to financial organizations around the globe, delivering dependable operational support, trading services, flexible technology, an array of investment and retirement solutions, practice management support and service.
The Company's collateral services include collateral management, administration and segregation. It offers solutions, such as collateral types and transaction structures, automation and efficiency, access to global markets, and industry expertise, to help financial institutions and institutional investors mine opportunities from liquidity, financing, risk and balance sheet challenges. It provides solutions to investors, bondholders and lenders in the debt capital markets. Its corporate trust business delivers a range of issuer and related investor services, including trustee, paying agency, fiduciary, escrow and other financial services. Its treasury services include solutions and technology that deliver cash management, payment and trade support for corporate and institutional global treasury needs. It also provides credit facilities and solutions to support its clients around the globe.
The Company acts as trustee and document custodian for certain mortgage-backed security (MBS) securitization trusts. It calculates and distributes monthly bond payments to bondholders. As a document custodian, it holds the mortgage, note and related documents provided to it by the loan originator or seller and provides periodic reporting to these parties. Its international activities consist of asset servicing and global payment services in its Investment Services business, and asset management in its Investment Management business. Its clients include central banks and sovereigns, financial institutions, asset managers, insurance companies, corporations, local authorities and high net worth individuals and family offices.
Bank of New York Mellon Corp
225 Liberty St
NEW YORK NY 10281-1008