The Bank of New York Mellon Corporation, commonly known as BNY Mellon, is an American multinational investment banking services holding company headquartered in New York City.
BNY Mellon was formed from the merger of The Bank of New York and the Mellon Financial Corporation in 2007. It is the world’s largest custodian bank and asset servicing company, with $1.9 trillion in assets under management and $37.2 trillion in assets under custody as of the second quarter of 2020. BNY Mellon is incorporated in Delaware.
Through its Bank of New York predecessor, it is one of the three oldest banking corporations in the United States, and among the oldest banks in the world, having been established in June 1784 by a group that included American Founding Fathers Alexander Hamilton and Aaron Burr.
Mellon had been founded in 1869 by the Mellon family of Pittsburgh, which included Secretary of the Treasury Andrew W. Mellon.
Traded as: NYSE: BK; S&P 100 component; S&P 500 component
Industry: Banking; Financial services
Predecessor: Bank of New York (founded on June 9, 1784; 236 years ago); Mellon Financial Founded July 1, 2007; 13 years ago
Founder: Alexander Hamilton; Aaron Burr; Thomas Mellon
Headquarters: 240 Greenwich Street Manhattan, New York, U.S.
Products:
- Corporate banking
- Investment banking
- Global wealth management
- Financial analysis
- Private equity
Website: www.BNYMellon.com