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Report on the recent performance of Bank of New York Mellon - Essay Example
Author : abelardo95
Pages 11 (2761 words)
Report on the recent performance of Bank of New York Mellon Contents Contents 2 Introduction 3 Discussion 4 The main industrial characteristics of the market 4 The financial features of the private / investment bank 6 The products & services on offer 8 The past and future strategies 10 Conclusion 13 References 14 Introduction The Bank of New York Mellon Corporation was formed in 2007 by the merger between The Bank of New York and Mellon Financial Corporation…
The banking entity is also one of the largest asset managers in the world managing USD 1 trillion of assets in its business. The bank of New York Mellon has an employee base of around 50,000 working in more than 100 markets throughout the globe. The Bank provides global financial services for corporations, institutions as well as the high net worth clients. The main functions of the bank are servicing and managing the financial assets of the customers. The banking corporation provides excellent asset management, wealth management, treasury services, asset management and services and clearing services. The Bank of New York Mellon Corporation is the first bank in the United States of America which joined Society for Worldwide Interbank Financial Telecommunication (SWIFT) in 2007. The Bank is also a member of the Clearing House Interbank Payment system (CHIPS). The BNY Mellon Corporation has two subsidiaries operating under its business- The Mellon Capital Management and BNY Mellon Asset Management which are used for providing the asset management and wealth management services to the institutional investors. ...