The Bank of New York Mellon Corporation (NYSE: BK)
Overview
Big Apple, meet Iron City. The Bank of New York Mellon (BNY Mellon) is the result of the 2007 marriage of Bank of New York and Mellon Financial. It was the New York company's third attempt to acquire the Pittsburgh-based firm. The deal cemented the company's status as one of the largest securities servicing companies in the world and augmented its other other areas of focus, including asset management and corporate trust and treasury services. BNY Mellon has approximately $25 trillion in assets under custody and administration, and more than $1 trillion of assets under management. Its Pershing subsidiary is a leading securities clearing firm.
Sample Overview & HistoryKey Numbers from Hoover's UK
Key financials for The Bank of New York Mellon Corporation (NYSE: BK)
| Company Type | Public (NYSE: BK) |
|---|---|
| Fiscal Year-End | December |
| 2011 Sales (mil.) | £15,804.0 |
| 1-Year Sales Growth | 9.1% |
| 2011 Net Income (mil.) | £2,516.0 |
| 1-Year Net Income Growth | (0.1%) |
| 2010 Employees | 48,000 |
| 1-Year Employee Growth | 13.7% |
Key People from Hoover's UK
Key people and executives for The Bank of New York Mellon Corporation (NYSE: BK)
| Chairman, President, and CEO | Gerald L. Hassell (Subscribers see complete biographies -- view sample)
|
|---|---|
| Head Global Operations and Technology and Chief Administrative Officer | Kurt D. Woetzel |
| Vice Chairman and CFO | Thomas P. (Todd) Gibbons |
Top Competitors from Hoover's UK
Top competitors of The Bank of New York Mellon Corporation (NYSE: BK)
There are 12 competitors for Bank of New York Mellon; see more.Significant Developments
View company events at The Bank of New York Mellon Corporation (NYSE: BK) such as IPOs, bankruptcies, or executive changes
| Event | Details |
|---|---|
| Top Executive Change | Subscribers get full details -- view a sample |
| Top Executive Change |
Industry Information from Hoover's UK
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More Industry InformationSubsidiaries/Affiliates Covered By Hoover's UK
Subsidiaries/affiliates of The Bank of New York Mellon Corporation (NYSE: BK)
- The Boston Company Asset Management, LLC
- CIBC Mellon Trust Company
- The Dreyfus Corporation
- Insight Investment Management Limited
- Mellon Capital Management Corporation
- Newton Investment Management Limited
Rankings from Hoover's UK
See how The Bank of New York Mellon Corporation (NYSE: BK) ranks in standard industry listings such as Fortune 500, S&P 500, and Dow Jones
- #165 in FORTUNE 500 (May 2011)
- S&P 500
- #165 in FORTUNE 1000 (May 2011)
- #228 in FT Global 500 (June 2011)
