The Bank of New York Mellon, or BNY Mellon, is an American banking and financial services company operating internationally and headquartered in New York. As of 2018, it is the world’s largest custodian bank and asset servicing company.
BNY Mellon is one of the three oldest banks in the world, established in 1784 as Bank of New York before merging with Mellon Financial Corporation, founded in 1869, in 2006. The bank now operates in 35 countries across the world in the Americas, Asia-Pacific, Europe, the Middle East and Africa.
BNY Mellon Products and Services
BNY Mellon is mostly concerned with managing investments on behalf of institutions and high net worth individuals, through investment management and investment services. The bank’s client base includes 80% of the Fortune 500.
BNY Mellon provides services for every stage of the investment process:
Investment services offered by BNY Mellon include outsourcing, global collateral services, treasury services, corporate trust services and asset servicing.
Securities services are handled by subsidiary company Pershing LLC. A new Markets division, formed in 2014, offers foreign exchange, capital markets, collateral management and securities.
The wealth management arm of BNY Mellon works across private banking, estate planning, investment servicing and financial management for high net worth individuals and families. Clients have access to expert sales staff, bankers and portfolio managers.
Bank of New York Mellon Awards
BNY Mellon has won many awards over its history, recently Best Custodian House and Best Technology Provider at the Institutional Asset Management Awards. In 2017, the bank was ranked in the Top Companies for Leadership Index.
Security at Bank of New York Mellon
BNY Mellon works to constantly maintain all its security systems to ensure the safety of client information. Any customers with concerns about their account should report it directly to their BNY Mellon customer service representative.