Welcome to our dedicated page for Bank of New York Mellon Corporation news (Ticker: BK), a resource for investors and traders seeking the latest updates and insights on Bank of New York Mellon Corporation stock.
BNY, officially known as The Bank of New York Corporation (NYSE: BK), stands as a global leader in the financial services sector. With a rich heritage dating back over 240 years, BNY offers a comprehensive suite of services aimed at managing and servicing financial assets for institutions, corporations, and individual investors.
Operating in 35 countries and more than 100 markets, the company provides investment management and investment services with unparalleled expertise. As of March 31, 2024, BNY oversees an impressive $48.8 trillion in assets under custody and/or administration and $2.0 trillion in assets under management. This makes BNY the world's largest global custody bank, serving as a vital partner to its clients by facilitating the creation, trading, holding, managing, servicing, distributing, or restructuring of investments.
BNY's client base includes over 90% of Fortune 100 companies, nearly all the top 100 banks globally, and an extensive roster of governments, pension plans, and more. The company's vast influence and industry leadership are further cemented by its recent collaborations and initiatives aimed at democratizing financial services. These include strategic partnerships with minority depository institutions (MDIs) such as Ponce Bank, along with other mission-driven financial firms like Optus Bank, MoCaFi, and IntraFi.
One of the latest milestones for BNY is the enhancement of Pershing X's Wove platform, which aims to revolutionize wealth management by providing interconnected advisory tools for registered investment advisors, broker-dealers, and wealth management firms. This innovation aligns with BNY's ongoing commitment to leverage cutting-edge technology for the benefit of its clients and the broader financial ecosystem.
With a workforce of over 50,000 employees worldwide and recognition from prestigious entities like Fortune and Fast Company for its workplace innovation, BNY continues to set industry standards. The firm remains dedicated to helping its clients achieve their financial ambitions by putting its extensive expertise and platforms to work, ensuring that money moves efficiently and securely across the globe.
AM Best has affirmed the Financial Strength Ratings of A (Excellent) and Long-Term Issuer Credit Ratings of 'a+' (Excellent) for BNY Trade Insurance, Ltd. and The Hamilton Insurance Corp., with a stable outlook. These ratings reflect BNY Trade's strong balance sheet and operating performance, alongside Hamilton's strong liquidity and adequate operating performance. Both companies, as single-parent captives of The Bank of New York Mellon Corporation (BK), provide reinsurance coverage to their parent. AM Best assesses BNY Trade’s surplus growth and Hamilton’s investment income positively.
BNY Mellon Wealth Management has appointed Camille Alexander as the new Head of Sales – Investor Solutions, a role aimed at boosting business growth within the company. Reporting to senior executives, she will collaborate with various teams to identify new opportunities. Camille brings nearly 30 years of institutional experience, having previously led the DC area as Regional President. Under her leadership, BNY Mellon Wealth Management manages $292 billion in client assets and $29 billion in AUM/AUA as of March 31, 2021.
BNY Mellon Wealth Management has appointed Karen Wawrzaszek as the new Regional President for the DC area, succeeding Camille Alexander.
Wawrzaszek brings over 20 years of experience in wealth management, with expertise in impact investing and ESG strategies. She previously held positions at SBSB Financial Advisors, U.S. Trust, and others. Her leadership aims to enhance client relationships and expand the DC office's growth.
As of March 31, 2021, BNY Mellon Wealth Management manages $292 billion in client assets.
BNY Mellon will participate in the Morgan Stanley US Financials Conference on June 14, 2021, at 12:30 p.m. ET, where CFO Emily Portney and CEO Paul Camp will present. The conference may include forward-looking statements and other significant information.
A live audio webcast will be available on the BNY Mellon website, with an archived version accessible approximately 24 hours later until July 14, 2021.
As of March 31, 2021, BNY Mellon manages $2.2 trillion in assets and has $41.7 trillion in assets under custody.
BNY Mellon has launched a pioneering real-time electronic bill (e-bill) and payment solution, transforming how businesses handle billing and payments in the U.S. This innovative service allows businesses to present digital bills instantly and receive payments through online and mobile banking channels. Key benefits include improved processing efficiency, faster collections, and reduced costs. This solution is particularly advantageous for high-bill-volume sectors like utilities and credit card companies. BNY Mellon aims to drive widespread adoption and enhance client experiences in the digital billing landscape.
BNY Mellon Wealth Management has expanded its Denver office by adding three new hires: Marie Dawson as senior fiduciary specialist, Steve Starzec as client strategist, and Matt McConaty as associate client strategist. This growth is part of a strategy to enhance services in the Rocky Mountain region, which is attracting wealthy families post-pandemic. The new team members bring extensive experience in wealth planning and investment, aiming to strengthen client relationships and support the firm's Active Wealth framework.
BNY Mellon will be represented by CEO Roman Regelman at the Deutsche Bank Global Financial Services Conference on June 1, 2021, at 2:10 p.m. ET. The session may include forward-looking statements and important financial insights. A live audio webcast will be available on the BNY Mellon website, with an archive accessible within 24 hours and remaining up until July 1, 2021. As of March 31, 2021, BNY Mellon manages $41.7 trillion in assets under custody and $2.2 trillion in assets under management.
BNY Mellon Wealth Management has appointed Chad Van Den Top as Senior Client Strategist in Boston. He brings nearly a decade of experience in wealth structuring, estate planning, and client advisory services, having previously worked with Silicon Valley's ultra-high-net-worth individuals at Northern Trust. Chad will focus on providing comprehensive wealth management services to families and foundations in New England, thereby enhancing BNY Mellon's Active Wealth program. The firm manages $292 billion in client assets as of March 31, 2021.
BNY Mellon executives Hanneke Smits and Scott Freidenrich are scheduled to speak at the Barclays Americas Select Franchise Conference on May 18, 2021, at 12:00 p.m. ET. They will likely discuss forward-looking statements and important information.
A live audio webcast will be accessible on the BNY Mellon website, with an archived version available after 24 hours until June 18, 2021. As of March 31, 2021, BNY Mellon managed assets worth $41.7 trillion in custody and $2.2 trillion in management.
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