Office address: 240 Greenwich Street, New York, NY 10286
Website: bny.com
Year established: 1784
Company type: financial services
Employees: 50,000+ (globally)
Expertise: custody and asset servicing, global payments, trade finance, cash management, investment management, wealth management, index management, fixed income and risk solutions, money market and liquidity strategies, collateral and securities lending
Parent company: The Bank of New York Mellon Corporation
Key people: Robin Vince (CEO), Rajashree Datta (chief risk officer), Dermot McDonogh (CFO), Shannon Hobbs (chief people officer), Kevin McCarthy (general counsel), Jose Minaya and Leigh-Ann Russell (department heads)
Financing status: shareholder-owned company
BNY Mellon is a global financial services company based in New York City. It helps major institutions manage, move, and safeguard money and investments across global markets. The firm oversaw over $57 trillion in assets in September 2025 and runs investment and custody services.
In 1784, Alexander Hamilton and a group of merchants set out to rebuild New York's finances. They proposed the city's first bank at the Merchants' Coffee House to restore trade and credit.
The new Bank of New York aimed to be liquid, transparent, and solvent for wary investors. Within a decade, it was helping the young federal government steady public debt and win overseas confidence.
The bank later informed Hamilton's thinking when he became the first US Treasury Secretary. The bank then backed federal debt plans, tariff reforms, and confidence in the new dollar.
In 1792, its shares traded as part of the early New York Stock Exchange (NYSE) under a sycamore tree. Through the 1800s, the bank financed canals, railroads, and utilities that linked regional markets into a national economy.
The bank stayed liquid through the 1929 crash while thousands of US banks failed. After World War II, it expanded beyond Manhattan by acquiring city rivals and moving into nearby states. Mergers with Irving Trust in 1988 and Mellon Financial in 2007 created BNY Mellon, a global asset manager and custodian.
In recent years, BNY Mellon has pushed its cash platform into digital territory with Goldman Sachs. JPMorgan now sees their tokenized money fund service as a major step for the $7.1 trillion market, helping money funds stay attractive and usable as collateral.
Within this setup, the firm also keeps the official books and settlements while Goldman's GS DAP tracks token ownership. Through BNY's LiquidityDirect platform, multiple managers including BlackRock and Dreyfus offer tokenized money market fund shares to institutional clients.
BNY Mellon offers a wide mix of investment products built by specialist firms on shared global platforms:
BNY Mellon also provides custody, fund administration, and investment operations support. Its scale and data help institutional clients manage risk and reporting efficiently.
BNY Mellon says that its culture depends on people who are proud to work there. Its values are:
BNY Mellon states that its work environment also focuses on balance, with tools for health, wealth, time off, and flexibility. Employee benefits include:
BNY Mellon's scale guides its sustainability priorities. It emphasizes resilience and offers solutions that help clients and partners pursue their own sustainability objectives.
Robin Vince is CEO of BNY Mellon, leading the firm's global financial services businesses for clients worldwide. Before this, Vince served as president, and as vice chair and CEO of Global Market Infrastructure, overseeing clearance, collateral, treasury services, markets, and Pershing. Vince holds a bachelor's degree from the University of Nottingham in the UK.
BNY Mellon also highlights a senior leadership team, which includes:
BNY Mellon states that its leaders help keep client relationships strong and resilient. Their decisions aim to protect the firm and support clients through changing markets.
In 2025, BNY Mellon ETF Investment Adviser LLC was one of the fastest‑growing US managers with more than $1 billion in assets. Its ETF lineup has been drawing in institutions, pensions, and advisors that want liquid, low‑fee, tax‑aware exposure. This steady growth strengthens BNY's role in everyday portfolio construction as assets keep shifting from mutual funds into ETFs.
Bank of New York Mellon has also been in quiet talks with Northern Trust for more than a year. It is exploring a deal that would link its clearing and custody scale with Northern Trust's base of very wealthy clients. If the merger goes ahead, BNY could oversee more than $3 trillion in investment management assets and deepen its role with institutional, advisor, and ultra‑high‑net‑worth clients.
<i>Jittery. Anxious. Panicked.</i> Take your pick -- any of these words describe stock investors, who pulled nearly $75B from equity mutual funds and ETFs since the end of April. And many won't be coming back.
Concerns over a possible default by Uncle Sam rippling the lakes of state issuers; five top-rated borrowers braced for possible downgrade
Pimco's Bill Gross said Bank of New York Mellon Corp.'s decision to charge clients for large deposits shows how the government's efforts to revive the economy are distorting markets and hurting savers.
WFP Secruties is the latest broker-dealer to fold under the weight of private-placement litigation. In this case, the San Diego-based firm is facing $14M in legal claims.
Despite need to raise federal tax revenues, bank believes lawmakers will spare municipal debt
Money-market mutual funds took in $24.9 billion yesterday, bouncing back from their second-worst week of withdrawals, as investors unsettled by the debate over raising the U.S. debt ceiling returned to the market.
Planned job cutting by parent BNY Mellon could sweep away jobs at the custodian that's a mainstay for independent B-Ds. .
Once touted as a possible replacement for Ken Lewis at Bank of America, Robert Kelly resigned unexpectedly on Wednesday as CEO of BNY Mellon. According to reports, disagreements with directors ultimately led to his exit.
Aggregate wagers against the greenback rose for the fourth consecutive week, data from the CFTC show.
Fed used custodians as fronts to funnel cash to besieged money-market funds; 'national emergency'
Claim custody bank defrauded customers in foreign currency transactions; 'virtually worst rates of the day'
The surprise departure of the CEO of BNY Mellon does not indicate any change of strategy for the custody bank -- or its clearing unit -- said a Pershing insider.
Assets of the 500 biggest managers of U.S. institutional tax-exempt money jumped 11.2% in 2010, just half a percentage point off the pace of the prior year's rebound from the global financial crisis, according to sister publication Pensions & Investments' latest annual money manager survey.
Renewed proposals to eliminate the tax-exempt status of municipal bonds as a way to reduce the $1.5 trillion federal deficit are unlikely to succeed, according to a report by The Bank of New York Mellon Corp.
