BNY Mellon Asset Servicing B.V. · Amsterdam The Netherlands
Company Description
Phone: +31-20-203-5600
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This link will open in a new window BNY Mellon Asset Servicing (formerly ABN AMRO Mellon Global Securities Services) provides global custody services to institutional investors such as corporate and public retirement funds, foundations and endowments, and financial institutions such as banks, brokerages, and insurance firms. Other services include fund accounting, securities lending, collateral management, and foreign exchange. The firm also clears equity and fixed-income transactions (including US government securities) and provides back-office services related to hedge funds and exchange-traded funds. It is part of The Bank of New York Mellon (BNY Mellon). To read the full description, subscribe now.
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Key BNY Mellon Asset Servicing B.V. Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Employees | 370 |
BNY Mellon Asset Servicing B.V. Executives
16 executives listed for BNY Mellon Asset Servicing B.V.'s Amsterdam, location.
| Title | Name & Bio | Contact |
| Chair, Supervisory Board and CEO, EMEA | Nadine Chakar | Network |
| Co-CEO | Timothy Keaney | Network |
| Co-CEO | James Palermo | Network |
Competition
Competitive Landscape for BNY Mellon Asset Servicing B.V.
Demand is driven by economic activity that results in company mergers, acquisitions, or public financing. The profitability of an investment bank depends on its ability to accurately assess both the value of a business transaction and the readiness of the market to buy the attendant debt or equity. Big firms have an advantage because large customer transactions require firms with substantial financial resources. Small investment banks can compete by participating in syndications and operating in regional markets or specialized industries. Although labor-intensive, the industry produces very high value: average annual revenue per employee at large firms is under $1 million. The global financial crisis of 2008-2009 dramatically altered the landscape of the investment banking industry. Morgan Stanley and Goldman Sachs, the only large firms still intact, have changed their status from investment banks to bank-holding companies. Both firms still engage primarily in investment banking, but former industry leaders such as Bear Stearns, Merrill Lynch, and Lehman Brothers have either been acquired or have filed for bankruptcy protection. The demise of these firms and the late 2000s recession have likely ushered in a new era in which the creation of innovative but risky financial instruments will be replaced by more traditional banking services. The new environment also means more industry oversight by the federal government, which had to step in and bail out dozens of financial services firms with billions of dollars of taxpayers' money. To read the full description, subscribe now.Top BNY Mellon Asset Servicing B.V. Competitors
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