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BNY MellonContact: Lane Cigna, Corporate Communications, +1 412.234.0575, email@example.com, www.bnymellon.com
Throughout its History, BNY Mellon has been a Hallmark of Innovation, Stability and Outstanding Client Service
The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $20.7 trillion in assets under custody and administration, $926 billion in assets under management, services more than $11.8 trillion in outstanding debt and processes global payments averaging $1.8 trillion per day.
As the oldest bank in the United States, BNY Mellon has stayed true to the values that still guide its success today: client focus, trust, teamwork and outperformance. The company helped to finance the newly established U.S. government and was the first company listed on the New York Stock Exchange. The organization played a critical role in the development and growth of the Industrial Revolution and global finance, continuing to prosper throughout severe market cycles and economic conditions, remaining solvent even during the Great Depression. Throughout its distinguished history, clients, governments and the banking industry have relied on the company's strength and wisdom to weather difficult times.
The company's true visionaries, including former U.S. Treasury secretaries Alexander Hamilton (the first Treasury Secretary) and Andrew Mellon (the 49th), recognized the global nature of business, expanding overseas then refining the business model. The company moved away from traditional banking businesses, focusing instead on asset management and securities servicing, the infrastructure and backbone for global financial markets.
Even in today's extraordinarily challenging and difficult environment, the company has weathered the financial crisis and the global economic slowdown by being actively engaged with regulators, government officials and clients in an effort to stem the turmoil in the global markets. In the pat year, BNY Mellon was awarded many mandates related to stabilization efforts by various governmental agencies globally. We are especially proud of our selection by the U.S. Treasury as financial agent in support of the Troubled Asset Relief Program, which recognizes our leadership in securities servicing and the critical market infrastructure we provide. Our status as a critical part of the world's financial infrastructure is more visible than ever.
The company's six main business sectors are Asset Management, Asset Servicing, Wealth Management, Issuer Services, Treasury Services and Broker-Dealer and Advisor Services.