The Bank of New York Mellon
Banking
Key Highlights
Revenue: US $15.80 Billions (2020)
Net Profit: US $3.42 Billions (2020)
About The Bank of New York Mellon
With a more than 230-year history, BNY Mellon is a global company that manages and services assets for financial institutions, corporations and individual investors in 35 countries. BNY Mellon helps clients navigate financial markets and business complexity to improve their operations and performance. Since their founding in 1784, they have served as a safe, reliable and trusted partner through every market cycle.
As an investment manager and servicer with global scale, they provide expert solutions that enable clients to move and manage cash, securities, and data in a secure, dependable and efficient manner. They help alleviate many of the pressures clients face, including increased regulation and pricing compression, to help them thrive. They are among the market leaders in almost every aspect of managing and servicing financial assets. They have a distinctive mix of capabilities and deep subject matter expertise that help them serve clients in ways others cannot. They build deep, enduring relationships designed to help their clients navigate the complexities of the financial markets and drive success. The Company takes pride in the fact that the broad and complex financial services they deliver are valuable not only to their clients but also to communities, businesses, governments and people everywhere.
Organisation Structure:
BNY Mellon has two business segments, Investment Services, and Investment Management, which offer a comprehensive set of capabilities and deep expertise across the investment lifecycle, enabling the Company to provide solutions to buy-side and sell-side market participants, as well as leading institutional and wealth management clients globally.
Product and Service Portfolio:
Subsidiaries:
BNY Mellon has many subsidiaries, few are mentioned below:
- Dreyfus Corporation
- BNY International Financing Corporation
- Mellon Capital Management Corp
- The Bank of New York Mellon SA/NV
- Insight Investment
- BNY Capital Funding, LLC
- Mellon Overseas Investment Corporation
- Housing (USA) LLP
- The Bank of New York Mellon Employee Benefit Collective Investment Fund Plan
- Pershing Investments LLC
- BNY Investment Management Services, LLC
- Hedgemark International, LLC
- CI Banco, S.A. Institución de Banca Múltiple
- Mellon Leasing Corporation
- JP Morgan Trust Bank Limited
Customers:
- Insurance Companies
- Advisors
- Alternative Asset Managers
- Banks and Broker-Dealers
- Individuals and Families
- Consultants
- Corporations
- Family Offices
- Government and Publics
- Investment Managers
- Not-For-Profits
- Registered Investment Advisors
Corporate Social Responsibility:
Corporate social responsibility (CSR) is crucial to how they fulfill their role as a major global financial institution. At BNY Mellon, they are invested in their markets, their people and their world. Their clients trust them every day with their investments, and the company depends on their talented and diverse workforce to meet client needs with the highest standards of excellence and integrity. That’s why it’s important that they build an inclusive and supportive environment where their people are empowered to contribute and succeed. Together, they contribute to the resiliency of global markets and solutions for some of the world’s most pressing issues, building healthy economies and sustainable communities over time.
They adjust their CSR approach when new needs or exciting possibilities arise. In 2018, they focused on eight priority areas:
- Tier 1: Topics critical to the global financial system and markets they serve
- Risk Management and Reliability
- Tier 2: Topics vital to their business and societal health and sustainability
- Social Investing
- Strong Governance
- Engagement and Wellbeing
- Diversity and Inclusion
- Leadership and Development
- Tier 3: Topics important to society and indirectly affecting their business results
- Environmental Management
- Community Commitment
Sources
Culture and Values
Innovative.
Inclusive.
Progressive.
We know it’s not enough to say we’re relentlessly client-focused—so we prove it every day, through adaptability, ingenuity and technology. It’s how we can proactively respond to environmental, social and governance developments, all while providing peerless client experiences.