The Bank of New York Mellon

For its predecessor companies, see Bank of New York and Mellon Financial.

The Bank of New York Mellon Corporation


Public company

Traded as
S&P 100 Component
S&P 500 Component

Banking, Financial services

Bank of New York
Mellon Financial

July 1, 2007; 9 years ago (2007-07-01)

225 Liberty Street, Manhattan, New York, United States

Area served


Key people

Gerald Hassell (Chairman & CEO)[1]
Karen Peetz (President)

Corporate banking, Investment banking, Global wealth management, Financial analysis, Private equity

US$15.194 billion (2015)[2]

Operating income

US$4.235 billion (2015)[2]

Net income

US$3.222 billion (2015)[2]

US$1.72 trillion (Q3 2016)[3]

Total assets
US$393.780 billion (2015)[2]

Total equity
US$35.485 billion (2015)[2][4]

Number of employees

51,200 (Dec 2015)[2]


The Bank of New York Mellon Corporation, commonly referred to as BNY Mellon, is an American worldwide banking and financial services corporation formed on July 1, 2007, as a result of the merger of The Bank of New York and Mellon Financial Corporation.[5]
BNY Mellon is the world’s largest custodian bank with more than $30.5 trillion in assets in custody.[3] It also has over $1.72 trillion in assets under management.[3]
The Bank of New York is the oldest banking corporation in the United States, and the 20th oldest bank in the world, having been established on June 9, 1784, by American Founding Father Alexander Hamilton.[6]


1 History

1.1 Bank of New York
1.2 Mellon Financial
1.3 Merger
1.4 Recent history

2 Controversy
3 Historical data
4 Operations

4.1 Business

4.1.1 Investment Services
4.1.2 Investment Management

4.2 Leadership
4.3 Company culture

5 Recognition and rankings
6 Sponsorships
7 See also
8 References
9 External links

Bank of New York[edit]

The Walton Mansion housed the Bank of New York from 1784 to 1787.

Alexander Hamilton shortly after the American Revolution.

The Bank of New York was founded by Alexander Hamilton on June 9, 1784, in the old Walton Mansion in New York City.[7][8] Due to local politics, it wasn’t able to procure a charter until 1791.[8] The President of the new bank was former Major General Alexander McDougall[9] and the Cashier was William Winston Seaton.[10]
The bank provided the United States government its fir