BNY Mellon
About
BNY Mellon, now known simply as BNY, is one of the longest-lasting financial institutions in the world, and its downtown Boston office is part of a global company serving institutions, corporations and investors. Founded by Alexander Hamilton in 1784 as the Bank of New York, it has operated through every economic cycle and market shift for more than two centuries. Today it provides custody, asset servicing, payments and investment management for clients worldwide.
The modern company formed in 2007 when the Bank of New York merged with Pittsburgh-based Mellon Financial, and the firm adopted the shorter BNY name in 2024. It describes itself as a platforms company at the center of global capital markets and says it touches about a fifth of the world’s investable assets. Recent priorities include payments modernization, data management, blockchain and broad use of artificial intelligence across its workforce.
What to Know
- It oversees more than $59 trillion in assets under custody and/or administration.
- BNY offers custody services in more than 100 markets.
- The company is headquartered in New York City.
- It is listed with the Downtown Boston Alliance.
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