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.
A new generation of registered investment advisors are just building fintech themselves, since what's on the market falls short of the digital experience they want to offer.
The move boosts data processing speed and establishes a modern infrastructure to build out the firm's vision for an all-in-one technology suite.
Instead of using a product that was already on the market, Savvy built its direct indexing software in-house.
Bruce and Jeff talk to James Crowley, chief executive at Pershing, about the continued success of the world's largest custodian and the keys that make that possible. James claims much of it has to do with his longevity as CEO and the relationships he's cultivated, mixed with the proper timing to create opportunity. He also stresses the need to continue to innovate.
The addition of breakaway Ensign Wealth Partners, a $500 million RIA, pushes Steward's total custodial assets on the Pershing platform to more than $1 billion.
After last year's Supreme Court decision overturning Roe v. Wade, more companies face votes on reproductive health care.
This month's highlights include Conquest's fundraising to prepare for its expansion into the US, Asset-Map's $6 million in Series B funding, and Wells Fargo's debut of app-based tool LifeSync.
The plan, which the banks devised with US regulators, is meant to stave off a widening panic in the wake of regulators' seizure of Silicon Valley Bank and Signature Bank over the past week.
Firms are developing more products focused on equal opportunities and gender issues, Cerulli found.
The fund aims to invest in companies that help improve the quality of life for women.
The BNY Mellon Innovators ETF will invest in innovation-driven companies, which are considered to be ‘leading-edge’ firms.
Despite all that’s gone wrong in the industry, the world’s largest custodian bank and other financial giants are hoping to expand in crypto.
Jeff and Bruce connect with financial industry vet Mark Tibergien on all things financial advising. He explains how his retirement from Pershing Advisor Solutions in 2020 allowed him to rewire his services, providing greater reach in how he applies his years of experience in the industry.
The bank says costs will be a top priority this year; it also says it's still committed to its digital assets strategy despite the turmoil in crypto markets.
Plus Brad Weber gets Savvy, iCapital adds 100 to its tech team, and Richr launches an advisory service.
