Bank of New York Mellon Corporation - BK STOCK NEWS

BNY Mellon Wealth Management has appointed Audrianna Sibiski as Senior Client Strategist in Menlo Park, CA. With significant experience from her previous role at Bank of America Private Bank, she will advise high-net-worth clients on wealth strategy and planning.

Reporting to Thomas Fickinger, Regional President, Audrianna brings a wealth of global business and financial services expertise. BNY Mellon manages $254 billion in client assets as of June 30, 2020, and operates extensively in the wealth management sector.

BNY Mellon has announced the redemption of all issued 2.450% Senior Notes due November 27, 2020, totaling $800 million. The redemption date is set for October 27, 2020, where the principal amount will be redeemed at 100% plus any accrued interest. Following the redemption date, the notes will no longer be considered outstanding, and no further interest will accrue. The payment will be facilitated through The Depository Trust Company. As of June 30, 2020, BNY Mellon managed $37.3 trillion in assets under custody.

BNY Mellon Wealth Management has appointed Edward Mora as the new Regional President for Orange County, CA. With over 27 years of experience in wealth management, Mora will oversee business operations across Orange and San Diego counties, including advisory and private banking. Previously, he held senior roles at Bank of the West and Union Bank. Mora aims to enhance the firm's Active Wealth strategy, focusing on serving affluent families and business owners. As of June 30, 2020, BNY Mellon managed $254 billion in client assets.

BNY Mellon has released a paper titled "Capital Markets Infrastructure: What is the New Normal after COVID-19?" analyzing the pandemic's effect on capital markets infrastructure (CMI). The paper highlights that COVID-19 ended the U.S. stock market's 11-year bull run and caused unprecedented market stress, with trading volumes increasing while transaction sizes fell by 46%. Despite challenges, CMI providers remained resilient. The report discusses shifts in financial services, emphasizing streamlined communication, enhanced collaboration, and the need for standardized data to bolster market resilience.

BNY Mellon Wealth Management has appointed Greg Teegen as Senior Client Strategist in Chicago, effective immediately. With over 25 years of experience in financial services, Greg will support ultra-high-net-worth clients, including business owners and private equity fund principals. He previously served as an Executive Director at J.P. Morgan Private Bank. BNY Mellon Wealth Management manages $254 billion in client assets, focusing on providing comprehensive wealth strategies.

BNY Mellon is enhancing its Treasury Services with digital solutions to meet client needs, particularly highlighted by the COVID-19 crisis. Key innovations include improved payment services through SWIFT collaborations and enhanced security features like Account Validation Services. The company is also modernizing its liquidity solutions and automating trade processes using OCR and NLP technologies. As of June 30, 2020, BNY Mellon managed $2.0 trillion in assets, emphasizing its commitment to digital transformation and operational efficiencies in a fast-paced environment.

BNY Mellon Wealth Management has appointed Matthew Santangelo as the New England Regional Head of Client Strategy and Business Development. Located in Boston, he will spearhead sales and growth initiatives in the region, reporting to Vicary Graham, President of the New England Region. Santangelo brings over 15 years of experience from Northern Trust and Merrill Lynch, focusing on ultra-high-net-worth clients. BNY Mellon currently manages $254 billion in client assets as of June 30, 2020, aiming to enhance its Wealth Management services.

BNY Mellon has launched a collaboration with GTreasury to enhance cash management and payment capabilities for clients. This integration allows clients to efficiently utilize their cash balances through GTreasury's platform, providing increased visibility across accounts and regions. The seamless link to BNY Mellon's LiquidityDirect platform enables clients to invest in a range of cash equivalent vehicles without leaving GTreasury's environment. This innovation will be offered at no extra cost, streamlining cash management workflows and maximizing returns on cash holdings.

BNY Mellon Wealth Management has appointed Heidi Simpson-Sandoval as the Institutional Senior Client Strategist in Los Angeles, effective immediately. With over 25 years of financial services experience, she will focus on institutional investors on the West Coast, providing Outsourced Chief Investment Officer (OCIO) services and investment advisory. Heidi has previously worked at Northern Trust and held senior roles at BNY Mellon. As of June 30, 2020, BNY Mellon Wealth Management managed $254 billion in client assets.