Bank of New York Mellon Corporation (The) (BK) Company Bio
Bank of New York Mellon provides financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. It operates through two segments, Investment Management and Investment Services. The company was founded in 1784 and is based in New York, New York.
Wealth manager Brown Shipley has appointed BNY Mellon veteran and CISI chairman Michael Cole-Fontayn as its new chairman in a move which will see current chair Rory Tapner become chair of parent company, the Luxembourg-based Quintet Private Bank. Mr Tapner, who was chief executive of Coutts from 2010, replaces retiring Jan Maarten de Jong who has been a Quintet director for three decades and chairman since 2015. Mr Cole-Fontayn spent more than 35 years at BNY Mellon in a number of senior roles covering brand, strategy, governance and relationships with clients, regulators and policymakers. As chair and CEO of BNY Mellon EMEA, he was a member of the group’s corporate executive and operating committees. He currently serves on a number of boards including as chair of the Association for Fi...
At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each […]
Bank of New York Mellon (NYSE: BNY) is not your typical bank in that it is not a commercial bank that relies on loans for income, or an investment bank that facilitates mergers and acquisitions, among other roles. BNY Mellon is a custody bank, which means it holds and safeguards financial assets for primarily large institutional clients, such as mutual fund companies and pensions. BNY Mellon is the largest custody bank in the country with $35 trillion in assets under custody, ahead of its main competitor State Street (NYSE: STT).
NEW YORK--(BUSINESS WIRE)--BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF), BNY Mellon Municipal Income, Inc. (NYSE American: DMF), BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE: DSM) and BNY Mellon Strategic Municipals, Inc. (NYSE: LEO) (collectively, the “Funds”) announced that, due to the public health and safety concerns of the coronavirus (COVID-19) pandemic, and to support the health and well-being of the Funds’ stockholders and officers, and other
BNY Mellon will report financial results for the second quarter 2020 on Wednesday, July 15, 2020. Materials will be posted to BNY Mellon's website at approximately 6:30 a.m. EDT, and management will host a conference call and simultaneous live audio webcast at 8 a.m. EDT that same day. This conference call and audio webcast will include forward-looking statements and may include other material information.