Welcome to our dedicated page for Bank New York Mellon news (Ticker: BK), a resource for investors and traders seeking the latest updates and insights on Bank New York Mellon 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.
Alcentra has appointed Jonathan DeSimone as its new CEO, subject to FCA approval, following David Forbes-Nixon's decision to step down. DeSimone brings extensive experience from Bain Capital Credit, where he was a portfolio manager. He will work closely with Forbes-Nixon during the transition. Alcentra, a leader in private debt management with over US$40 billion in assets under management, aims to leverage DeSimone's expertise to enhance its investment strategies in a challenging economic environment.
BNY Mellon Wealth Management has appointed Jennifer Barnaby as a Senior Client Strategist based in Atlanta. With nearly 20 years of experience, she will focus on wealth strategy for high-net-worth clients, including family offices and executives. Barnaby previously held multiple roles in wealth management at Truist. She is licensed in FINRA Series 7 and 66 and is pursuing CFP certification. BNY Mellon Wealth Management manages $254 billion in client assets as of June 30, 2020, delivering a range of investment and planning services.
BNY Mellon's Pershing announced integrations with CAIS and iCapital Network, enhancing alternative investment accessibility through its API Store. This initiative aims to streamline document workflows, doubling registered investment advisor (RIA) balances in the last three years. Advisors will benefit from automated processes and e-signatures, enhancing efficiency. Both platforms offer access to alternative investments with minimums starting at $25,000. The integrations are part of Pershing's strategy to deepen capabilities in alternative investments and support advisors in meeting high-net-worth clients' needs.
BNY Mellon Wealth Management has appointed Nakia Maddox-Eubanks as a Senior Wealth Manager in Boston. With over 20 years of experience in private wealth management, Nakia previously worked as a Portfolio Strategist at Bainco Investors and held senior roles with CIBC Private Wealth Management and Loring, Wolcott & Coolidge. She specializes in customized wealth management strategies and sustainable investing. BNY Mellon Wealth Management manages $254 billion in client assets as of June 30, 2020.
BNY Mellon Wealth Management has appointed Lynne Sawyer as Senior Group Manager of Deposit Product Management to drive deposit growth and enhance deposit products. Reporting to Rick Calero, this role focuses on leveraging Lynne’s extensive experience in financial services, including her previous leadership at Morgan Stanley and Citi. BNY Mellon Wealth Management manages $254 billion in client assets as of June 30, 2020, providing a wide range of wealth services.
BNY Mellon announces that Todd Gibbons, CEO, and Emily Portney, CFO, will present at the Barclays Global Financial Services Conference on September 15, 2020, at 7:30 a.m. ET. The event will be held virtually and may include forward-looking statements.
A live audio webcast will be available on BNY Mellon's website. An archived version will be accessible after 5 p.m. ET on September 15 until October 15, 2020. BNY Mellon manages $37.3 trillion in assets under custody and $2.0 trillion in assets under management as of June 30, 2020.
The Bank of New York Mellon Corporation (NYSE: BK) announced the election of Ralph Izzo as an independent director effective August 10, 2020. With this addition, BNY Mellon’s Board now comprises 11 directors, 10 of whom are independent. Izzo brings extensive experience from his role as CEO of Public Service Enterprise Group and will serve on several committees including Audit and Corporate Governance. His leadership is expected to enhance the board's diversity and strategic insight, reinforcing BNY Mellon's commitment to strong governance and risk management.
BNY Mellon will disclose its third-quarter 2020 financial results on October 16, 2020, around 6:30 a.m. EDT. A conference call and audio webcast, featuring forward-looking statements, will occur at 8 a.m. EDT. Interested parties can join by dialing +1 800-390-5696 (U.S.) or +1 720-452-9082 (International), using passcode: 807070. Replays will be accessible from 2 p.m. EST on October 16 until November 15, 2020. As of June 30, 2020, BNY Mellon managed $2.0 trillion in assets, and its website will host earnings-related materials.
BNY Mellon Wealth Management has appointed Julie Alcala as Senior Wealth Strategist in Chicago. Bringing over 20 years of financial services experience, Julie previously worked at William Blair and Credit Suisse, focusing on high-net-worth clients. She holds both CFP® and CPA designations. Regional President Stacie Kuhlman emphasized Julie's extensive network and market understanding as vital for client relationships. BNY Mellon manages $254 billion in client assets as of June 30, 2020, and offers comprehensive wealth management services.
FAQ
What is the current stock price of Bank New York Mellon (BK)?
What is the market cap of Bank New York Mellon (BK)?
What services does BNY provide?
What is BNY's global reach?
How much assets does BNY manage?
Who are BNY's clients?
What recent collaborations has BNY announced?
What is the significance of the Wove platform?
How many people does BNY employ?
Where is BNY headquartered?
What recognition has BNY received?
How long has BNY been in operation?
