@bnymellon.com
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About
Description
BNY Mellon, officially known as The Bank of New York Mellon Corporation, is a global financial services company based in New York City, United States. Founded in 1784 as The Bank of New York, it is one of the oldest banking institutions in the United States. The company's headquarters are located at One Wall Street in Manhattan, which is also the address of its iconic 50-story neoclassical office building.
BNY Mellon offers a wide range of financial products and services to its clients globally. Its main business areas include investment services, investment management, and wealth management. The company provides services such as custody and securities services, asset management, treasury services, foreign exchange, and clearing services.
Additionally, it offers a suite of technology and data solutions for institutional investors and asset managers. With a global presence, BNY Mellon operates in more than 35 countries, serving clients in over 100 markets worldwide. It has established notable subsidiaries, joint ventures, and partnerships.
The company's notable subsidiaries include Pershing LLC, a leading provider of clearing and custody services, and Alcentra, a global asset management subsidiary specializing in alternative credit. BNY Mellon has also formed partnerships with various organizations, including BlackRock, State Street, and Bloomberg. BNY Mellon holds a prominent position in the financial services industry globally.
It is ranked as one of the world's largest custodian banks and is considered a leading asset manager. The company competes with other major financial institutions such as JPMorgan Chase, Citigroup, and State Street Corporation. Over the years, BNY Mellon has experienced significant events and achievements.
In 2007, it acquired Mellon Financial Corporation, forming The Bank of New York Mellon Corporation. This merger created a global leader in investment services and asset management. The company has continually adapted its strategy and product lineup to meet the evolving needs of its clients and stay competitive in the industry.
Currently, BNY Mellon maintains a strong market position and continues to innovate in the financial services sector. As of the latest updates, the company has been expanding its digital offerings and investing in advanced technologies to enhance its services and meet the growing demand for digital solutions in the financial industry
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