Profile: Bank of New York Mellon Corp (BK.N)
2 Jul 2015
The Bank of New York Mellon Corporation (BNY Mellon), incorporated on February 9, 2007, is an investments company that manages and services financial assets. The Company operates businesses through two principal segments: Investment Management and Investment Services. The Company also has an Other segment, which includes credit-related services; the leasing portfolio; corporate treasury activities, including its investment securities portfolio; its equity interest in ConvergEx Group; business exits, and corporate overhead. The Company has $28.5 trillion in assets under custody and/or administration and $1.7 trillion in assets under management as of December 31, 2014.
Investment Management Business
BNY Mellon’s Investment Management business consists of asset management and wealth management activities. It operates 13 affiliated investment management boutiques that deliver a portfolio of focused investment strategies over its distribution network to institutional and retail clients across North America, EMEA and Asia-Pacific. The investment management boutiques offer equity, fixed income, alternative/overlay and cash products. In addition to the investment subsidiaries, this business includes BNY Mellon Investment Management EMEA Limited, BNY Mellon Investment Management Hong Kong and BNY Mellon Investment Management Singapore, which are responsible for managing and distributing locally registered investment products, and the Dreyfus Corporation and its affiliates, which are responsible for the United States investment management and distribution of retail mutual funds, separately managed accounts and annuities. BNY Mellon Wealth Management offers private banking, discretionary portfolio management and tax, wealth and estate planning services to high and ultra-high net worth individuals, families and family offices, as well as to charitable gift programs, endowments and foundations.
Investment Services Business
The Company’s Investment Services business provides global custody and related services, government clearing, global collateral services, corporate trust and depositary receipt and clearing services, as well as global payment/working capital solutions to financial institutional clients across the world. Its financial solutions include global custody, global fund services, securities lending, investment manager outsourcing, performance and risk analytics, alternative investment services, securities clearance, collateral management, corporate trust, American and global depositary receipt programs, cash management solutions, payment services, liquidity services and other linked revenues, principally foreign exchange, global clearing and execution, managed account services and global prime brokerage solutions. Its clients include corporations, public funds and government agencies, foundations and endowments; global financial institutions, including banks, broker-dealers, asset managers, insurance companies and central banks; financial intermediaries and independent registered investment advisors, and hedge fund managers. BNY Mellon offers tri-party collateral agency services to dealers and cash investors active in the triparty repurchase, or repo, market. Global collateral services serves broker-dealers and institutional investors facing expanding collateral management needs as a result of current and emerging regulatory and market requirements.
The Other segment primarily includes credit-related services; the leasing portfolio; corporate treasury activities, including its investment securities portfolio; a 33.9% equity interest in ConvergEx; business exits, including the results of Newton’s private client business and corporate overhead. This segment is also engaged in global markets and institutional banking services.
Two principal banking subsidiaries of BNY Mellons are The Bank of New York Mellon, a New York state-chartered bank, which houses the Company’s 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, and BNY Mellon, National Association, a national bank, which houses the Company’s wealth management business. These two banking subsidiaries engage in trust and custody activities, investment management services, banking services and various securities-related activities.
The Company has four other banking and trust company subsidiaries concentrating 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 Bank of New York Mellon SA/NV is the main banking subsidiary of BNY Mellon in continental Europe.
Bank of New York Mellon Corp
1 Wall St Fl 31
NEW YORK NY 10005-2500
Company Web Links
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