Full Description

The Bank of New York Mellon Corporation is a global financial services company with approximately $928 billion in assets under management and $20.2 trillion in assets under custody and administration. On July 1, 2007, The Bank of New York Company, Inc. and Mellon Financial Corporation (Mellon Financial) merged into The Bank of New York Mellon Corporation (the Company), with The Bank of New York Mellon Corporation being the surviving entity. On July 1, 2008, the Company completed the process of consolidating and renaming the principal United States bank and trust company subsidiaries into two principal banks: The Bank of New York Mellon (the Bank) and BNY Mellon, National Association (BNY Mellon, N.A.). The Company operates its business into seven business segments: asset management, wealth management, asset servicing, issuer services, clearing services, treasury services and others. In March 2009, the Company completed the acquisition of JPMorgan Trust Bank Limited in Japan from JPMorgan Chase & Co. In November 2009, the Company completed the acquisition of Insight Investment Management Limited from Lloyds Banking Group plc. In addition, in November 2009, the Company acquired Pinnacle Arbitrage Compliance.

In January 2008, the Company acquired ARX Capital Management, which is an independent asset management business. ARX Capital Management specializes in Brazilian multi-strategy, long/short and long only investment strategies. In May 2008, the Company acquired the fund of hedge funds administrative services business of LAMP Technologies LLC, a Dallas-based alternative investment administrator. In June 2008, U.S. Bancorp’s lead bank, U.S. Bank National Association, completed the acquisition of Mellon 1st Business Bank in California, a wholly owned subsidiary of BNY Mellon. In October 2008, Affiliated Managers Group, Inc. announced the completion of its investment in Gannett Welsh & Kotler, LLC (GW&K). As part of the transaction, the Company purchased the entire ownership interest in GW&K from BNY Mellon.

The Bank houses the institutional businesses, including asset servicing, issuer services, treasury services, broker-dealer and advisor services and the bank-advised business of asset management. BNY Mellon, N.A is a nationally-chartered bank, which houses the wealth management services. It contains the Mellon Financial wealth management business. The Bank subsidiaries are engaged in the trust and custody activities, investment management services, banking services and various securities-related activities. The deposits of the banking subsidiaries are insured by the Federal Deposit Insurance Corporation (FDIC).

BNY Mellon Asset Management is a global provider of investment management products and services. The clients include the corporations, governments, unions, foundations, endowments, mutual funds and high networth individuals. BNY Mellon Asset Servicing offers clients products, technology and service to help the management, administration and oversight of the investment process. The services include accounting services, custody services, exchange traded funds services, fund services, hedge fund administration, outsourcing services, performance and risk analytics, plan services, securities clearance and collateral management, securities lending, and technology solutions.

BNY Mellon Wealth Management is engaged in providing investment management, wealth and estate planning, private banking and finance, and global custody and information management. The Company is an issuer of debt and equity services, as well as financial intermediaries and investors globally. The services provided by the Company include global corporate trust services, depository receipt services and shareowner services. The Company is a foreign exchange provider offering a range of products and consultative services to investors, corporate and correspondent bank clients. The derivatives offerings include a full range of currency, equity and interest rate products. The BNY Overlay Associates, provides investment advisory services to institutional investors. The Bank of New York Mellon offers broker-dealers and registered investment advisors a range of services. The services provided by the Company include broker-dealer services, registered investment advisor services, execution services and prime brokerage services.