The Bank of New York was founded in 1784 by Alexander Hamilton in New York City.
In 1792 when the New York Stock Exchanged first opened, The Bank of New York was the first company to be traded.
Mellon Financial was founded in 1869 in Phittsburgh by Thomas Mellon and his sons, Andrew Mellon and Richard Mellon, as T. Mellon & Sons Bank
In 2006 The Bank of New York and Mellon Financial merged to form The Bank of New York Mellon, or BNY Mellon. The new company was the largest securities servicing and asset management firm in the world.
Today BNY Mellon has more than $26 trillion in assets under custody and administration and $1.4 trillion of assets under management.
The company’s wealth management business services endowments, foundations, and high net-worth families and individuals. Subsidiaries BNY Mellon Asset Management and Mellon Capital Management work with institutional investors.
BNY Mellon is traded on the New York Stock Exchange under the symbol BK, is a member of the S&P 500, is #274 in the Fortune 500, has 51,000 employees, and had $14.74 billion in revenue in 2014.
BNY Mellon
The Bank of New York was founded in 1784 by Alexander Hamilton in New York City.
In 1792 when the New York Stock Exchanged first opened, The Bank of New York was the first company to be traded.
Mellon Financial was founded in 1869 in Phittsburgh by Thomas Mellon and his sons, Andrew Mellon and Richard Mellon, as T. Mellon & Sons Bank
History
In 2006 The Bank of New York and Mellon Financial merged to form The Bank of New York Mellon, or BNY Mellon. The new company was the largest securities servicing and asset management firm in the world.
Today BNY Mellon has more than $26 trillion in assets under custody and administration and $1.4 trillion of assets under management.
The company’s wealth management business services endowments, foundations, and high net-worth families and individuals. Subsidiaries BNY Mellon Asset Management and Mellon Capital Management work with institutional investors.
BNY Mellon is traded on the New York Stock Exchange under the symbol BK, is a member of the S&P 500, is #274 in the Fortune 500, has 51,000 employees, and had $14.74 billion in revenue in 2014.
