Bank of New York Mellon Corp (BNY)

The Bank of New York Mellon Corporation (BNY, NYSE: BK) is a global financial services platforms company headquartered in New York, New York. Together with its subsidiaries, it has been in business since 1784. As of Dec. 31, 2025, it had $59.3 trillion in assets under custody and/or administration and $2.2 trillion in assets under management. Its banking and trust subsidiaries provide trust and custody activities, investment management services, banking services and various securities-related activities.

BNY divides its businesses into three principal segments: Securities Services, Market and Wealth Services, and Investment and Wealth Management. An Other segment covers corporate treasury activities (including the securities portfolio), tax credit investments and other corporate investments, corporate and bank-owned life insurance, derivatives and other trading activity, and certain business exits. Securities Services includes Asset Servicing and Issuer Services. Market and Wealth Services includes Payments, Trade and Clearance and Collateral Management, along with the Pershing businesses. Investment and Wealth Management includes Investment Management and Wealth Management.

BNY serves clients across global markets through multilingual sales, marketing and client service teams. Approximately 60% of its employees are based outside the U.S. Its two principal U.S. banking subsidiaries are The Bank of New York Mellon, a New York state-chartered bank that houses the Securities Services businesses, certain Market and Wealth Services businesses and the bank-advised Investment Management business, and BNY Mellon, National Association, which houses Wealth Management and certain Pershing activities. Four other U.S. bank and/or trust company subsidiaries concentrate on trust products and services. Most of the Investment Management and Pershing businesses sit in non-bank subsidiaries. In continental Europe, The Bank of New York Mellon SA/NV, based in Brussels with branches in nine other European cities, focuses on global custody, asset servicing and collateral management.

BNY had approximately 48,100 full-time employees at Dec. 31, 2025, including approximately 10,100 in EMEA, 18,000 in APAC and 700 in other locations, primarily Brazil. Its corporate headquarters is an owned 23-story, roughly 1.2 million square foot building at 240 Greenwich Street in New York City. It also has offices in the Americas (primarily Brazil and Canada), EMEA and APAC. Its securities services and market businesses compete with financial services firms offering custody, corporate trust, clearing, collateral management, brokerage, foreign exchange and cash management services, as well as technology service providers. Its investment and wealth business competes with investment and wealth management firms, hedge funds, investment banks, trust banks, brokerages and insurers. Financial technology firms that are not similarly regulated are also competitors. Its bank and trust subsidiaries are subject to banking regulation, and the deposits of its U.S. banks are FDIC-insured to the extent provided by law.