Bank of New York Mellon Corp (N:BK)

Business Focus: Investment Management & Fund Operators

Nov 13, 2019 09:06 am ET
Median Total Master Trust Return Continues Positive Performance for Third Straight Quarter in Q3 2019 According to BNY Mellon U.S. Master Trust Universe/BNY Mellon Asset Strategy View®
NEW YORK, Nov. 13, 2019 /PRNewswire/ -- The BNY Mellon U.S. Master Trust Universe returned a median +1.09% in the third quarter of 2019, continuing the trend of positive quarterly performance seen in the first and second quarters respectively. ...
Nov 12, 2019 10:00 am ET
BNY Mellon Hires Industry Veteran Jane Mancini as Head of Sales for Asset Servicing Americas
NEW YORK, Nov. 12, 2019 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") today announced that Jane Mancini has joined the firm as Head of Sales for Asset Servicing Americas. Ms. Mancini is responsible for leading the sales and business development effort for BNY Mellon's Asset Servicing business in the Americas region, which encompasses the U.S., Latin America and BNY Mellon's interest in the CIBC Mellon joint venture in Canada. In this capacity, Ms. Mancini will be responsible for overseeing new revenue development, pipeline management, designing go-to-market strategie...
Nov 08, 2019 03:30 pm ET
BNY Mellon to Report Fourth Quarter 2019 Results on January 16, 2020
NEW YORK, Nov. 8, 2019 /PRNewswire/ -- BNY Mellon will report financial results for the fourth quarter 2019 on Thursday, January 16, 2020. Materials will be posted to BNY Mellon's website at approximately 6:30 a.m. EST, and management will host a conference call and simultaneous live audio webcast at 8 a.m. EST that same day. This conference call and audio webcast will include forward-looking statements and may include other material information....
Nov 06, 2019 06:00 am ET
BNY Mellon Expands Digital Ecosystem and Capabilities by Collaborating with Four Best-in-Class Platform Providers
NEW YORK, Nov. 6, 2019 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") today announced several new partnerships as it continues to execute its digital strategy to better serve clients' increasingly complex needs. BNY Mellon remains dedicated to broadening the scope of its digital ecosystem both by actively advancing its own solutions as well as seeking opportunities to collaborate with best-in-class external partners. As part of these efforts, BNY Mellon will work with EZOPS and Kingfield to leverage machine learning and AI for greater operational efficiency, while Cai...
Oct 31, 2019 10:00 am ET
BNY Mellon Wealth Management Names Shaun M. Skeris as Senior Client Strategist in Newport Beach, CA
NEWPORT BEACH, Calif., Oct. 31, 2019 /PRNewswire/ -- BNY Mellon Wealth Management has named Shaun Skeris as a Senior Client Strategist in Newport Beach, CA. Skeris will be responsible for acquiring and advising high net worth and family office clients, reporting directly to Regional President Carla Furuno. Shaun started in this role on October 21, 2019. ...
Oct 29, 2019 08:00 am ET
BNY Mellon's HedgeMark Ranked Top Hedge Fund Managed Account Platform in HFM Global Composite Index
NEW YORK, Oct. 29, 2019 /PRNewswire/ -- HedgeMark Advisors LLC, the hedge fund dedicated managed account ("DMA") platform unit of BNY Mellon, announced today that it has taken over the top spot as the largest hedge fund managed account platform provider globally with $21.2 billion in total platform assets, according to the HFM Global Composite index. The platform serves a wide range of institutional clients, including public and private pensions, fund of hedge funds, alternative asset managers, wealth managers, consultants and family offices....
Oct 21, 2019 11:45 am ET
BNY Mellon Investment Management "Fixed income. Not fixed thinking" National Research Study Finds Majority of Americans Surveyed Do Not Understand Fixed Income
NEW YORK, Oct. 21, 2019 /PRNewswire/ -- A new research study released today from BNY Mellon Investment Management, one of the largest asset managers in the world with $1.9 trillion as of September 30, 20191, and the world's third-largest fixed income manager by assets2, revealed the majority of Americans surveyed have limited understanding about fixed income investing regardless of age, income, education level, and other demographics. This lack of awareness ranged from the definition of bond investing, to different fixed income solutions, to the role fixed income plays in retirement planning...
Oct 16, 2019 06:30 am ET
BNY Mellon Declares Dividends
NEW YORK, Oct. 16, 2019 /PRNewswire/ -- The Bank of New York Mellon Corporation (NYSE: BK) today announced that its Board of Directors authorized dividends on its common and preferred stock as follows:...
Oct 16, 2019 06:30 am ET
Oct 14, 2019 08:44 am ET
BNY Mellon's Pershing Unveils New, Centralized Portal for Investment Managers
JERSEY CITY, N.J., Oct. 14, 2019 /PRNewswire/ -- BNY Mellon's Pershing ("Pershing") today unveiled its new manager gateway, a consolidated digital solution that features a centralized portal, delivering simplified account access and a seamless model delivery process. ...
Oct 09, 2019 08:05 am ET
Markets Highly Dependent on Binary Outcomes Resulting from Political Negotiations
JERSEY CITY, N.J., Oct. 9, 2019 /PRNewswire/ -- Capital markets appear highly dependent on a large set of binary outcomes that may have more to do with political negotiations than changes in market dynamics, according to the latest Lockwood Investment Insights commentary....
Oct 08, 2019 10:00 am ET
Money in Motion Analytics Now Available on BNY Mellon's Pershing Platform
JERSEY CITY, N.J., Oct. 8, 2019 /PRNewswire/ -- BNY Mellon's Pershing ("Pershing") today announced that its latest digital solution, Money in Motion analytics (see video), is now available to its clients. The tool enables financial professionals to measure organic growth by isolating the effects of market performance on their business and is free of charge to clients on the NetX360® platform....
Oct 01, 2019 08:43 am ET
FinMason and Eagle Investment Systems Announce Strategic Alliance
BOSTON, Oct. 1, 2019 /PRNewswire/ -- FinMason, an investment analytics provider that enables WealthTech platforms to accelerate development and time-to-market, and Eagle Investment Systems, a BNY Mellon company and part of Data and Analytics Solutions, today announced a strategic alliance that will offer Eagle clients access to investment analytics....
Sep 27, 2019 07:00 am ET
Thomas P. (Todd) Gibbons Appointed Interim CEO of BNY Mellon and member of the Board of Directors
NEW YORK, Sept. 27, 2019 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE: BK) announced today that Thomas P. (Todd) Gibbons, a 30-year veteran of the company, has been appointed by the Board of Directors as interim Chief Executive Officer and a member of the Board, effective immediately.  He succeeds Charles W. Scharf, who informed the Board of his decision to step down from his CEO and Board roles.  Joseph Echevarria, a member of BNY Mellon's Board of Directors since February 2015 and Lead Independent Director, has been appointed Non-Executive Chairman of the Bo...
Sep 26, 2019 09:28 am ET
Goldman Sachs selects BNY Mellon for European ETF servicing
LONDON, Sept. 26, 2019 /PRNewswire/ -- BNY Mellon has been appointed by Goldman Sachs Asset Management (GSAM) to deliver a suite of asset services for its newly-launched European UCITS ETFs. ...
Sep 24, 2019 03:15 am ET
BNY Mellon, SWIFT and Microsoft Turn Cloud-Based Messaging Concept into Reality During Sibos 2019 Conference
LONDON, Sept. 24, 2019 /PRNewswire/ -- SWIFT and Microsoft collaborated with Bank of New York Mellon Treasury Services, the first bank to execute a real-time payment (RTP) transaction in the US, to complete the test transaction validating their new Cloud Connect payments capability for banks, financial institutions and enterprises. Bank of New York Mellon executed the payment for Microsoft's Treasury Department, confirming the Cloud Connect proof of concept unveiled at Sibos last year. ...
Sep 23, 2019 06:00 am ET
BNY Mellon and KeyBank Expand Their Trade Processing Services Relationship
NEW YORK, Sept. 23, 2019 /PRNewswire/ -- BNY Mellon today announced a significant expansion of its existing trade finance processing services relationship with KeyBank by implementing an enhanced and updated model that will offer a more robust client experience for KeyBank's trade finance clients, while aiming to increase the efficiency of service delivery....
Sep 23, 2019 04:00 am ET
BNY Mellon Expands ESG Analytics Service
NEW YORK, Sept. 23, 2019 /PRNewswire/ -- BNY Mellon today announced that it has expanded the firm's ESG Analytics offering by integrating fixed income scoring for corporate bonds. BNY Mellon clients now have the ability to view environmental, social and governance (ESG) and United Nations Global Compact (GC) scores on equities and fixed income at the portfolio level versus relevant benchmarks over time. Clients also have the ability to view the ESG and GC scores at the company-level....
Sep 18, 2019 07:00 am ET
BNY Mellon and Bloomberg to Deliver Front-To-Back Integration Capabilities
NEW YORK, Sept. 18, 2019 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") and Bloomberg today announced a strategic alliance that further integrates BNY Mellon's data, analytics, and servicing capabilities with AIM, Bloomberg's portfolio management, trading and compliance solution. The new connectivity streamlines data delivery between the two firms and enables clients to access BNY Mellon's data and analytical workflow tools directly through Bloomberg AIM, delivering unique capabilities and insights to investors, technology leaders, and risk and operations professional...
Sep 16, 2019 10:00 am ET
BNY Mellon Wealth Management Appoints Scott M. Lillis as Regional President in Philadelphia, PA
PHILADELPHIA, Sept. 16, 2019 /PRNewswire/ -- BNY Mellon Wealth Management has appointed Scott M. Lillis as Regional President in Philadelphia, PA. Lillis reports directly to Andy Paterson, Regional President, Central Region, effective August 12, 2019....
Sep 16, 2019 08:00 am ET
Climate change and artificial intelligence seen as risks to investment asset allocation, finds new report by BNY Mellon Investment Management and CREATE-Research
NEW YORK, Sept. 16, 2019 /PRNewswire/ -- Two secular forces or 'supertanker' trends, climate change and artificial intelligence (AI), are reshaping the future of investing, finds a new research study launched today by BNY Mellon Investment Management and CREATE-Research. ...
Sep 12, 2019 10:00 am ET
BNY Mellon Wealth Management Appoints Eunice Kim as Regional President in Denver, CO
DENVER, Sept. 12, 2019 /PRNewswire/ -- BNY Mellon Wealth Management has appointed Eunice Kim as Regional President in Denver, CO, effective August 20, 2019....
Sep 04, 2019 10:00 am ET
BNY Mellon Wealth Management Names Chris Roy as Senior Client Strategist in Boston, MA
BOSTON, Sept. 4, 2019 /PRNewswire/ -- BNY Mellon Wealth Management has named Chris Roy as a Senior Client Strategist in Boston, MA. As of July 8, 2019, Chris is responsible for delivering custom, curated, holistic financial and investment strategies to clients, and will report directly to President, New England Vicary Graham....
Aug 30, 2019 08:30 am ET
BNY Mellon Alcentra Global Multi-Strategy Credit Fund Attracts $265 Million in Its Initial Public Offering
NEW YORK, Aug. 30, 2019 /PRNewswire/ -- BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (the "Fund") announced the successful pricing of the initial public offering of its common shares.  The Fund is offering 2,652,001 shares at an initial price of $100 a share, resulting in gross proceeds of $265,200,100. The offering is expected to close on August 30, 2019, subject to customary closing conditions....
Aug 27, 2019 10:07 am ET
BNY Mellon Wealth Management Names Patrick M. Mercier as Client Strategist in Pittsburgh, PA
PITTSBURGH, Aug. 27, 2019 /PRNewswire/ -- BNY Mellon Wealth Management has named Patrick M. Mercier as a Client Strategist in Pittsburgh, PA. As of August 19, Mercier is responsible for sourcing high net worth prospects and growing our relationships with critical centers of influence in the region, reporting directly to Managing Director of Business Development Garrett Alton....
Aug 13, 2019 04:16 pm ET
BNY Mellon to Speak at the 2019 Barclays Global Financial Services Conference
NEW YORK, Aug. 13, 2019 /PRNewswire/ -- Michael Santomassimo, Chief Financial Officer, and Hani Kablawi, Chief Executive Officer of Global Asset Servicing and Chairman of Europe, Middle East and Africa (EMEA) region, will speak at the 2019 Barclays Global Financial Services Conference in New York at 9:45 a.m. EDT on Monday, September 9, 2019. The discussion may include forward-looking statements and other material information....
Aug 07, 2019 09:00 am ET
Median Total Master Trust Return Continues Positive Performance for Second Straight Quarter in Q2 2019 According to BNY Mellon U.S. Master Trust Universe/BNY Mellon Asset Strategy View®
NEW YORK, Aug. 7, 2019 /PRNewswire/ -- The BNY Mellon U.S. Master Trust Universe returned a median +3.45% in the second quarter of 2019, continuing the trend of positive performance established in the first quarter. ...
Aug 07, 2019 08:00 am ET
BNY Mellon Appoints Daniel Tenengauzer Head of Markets Strategy & Insights
NEW YORK, Aug. 7, 2019 /PRNewswire/ -- BNY Mellon has appointed Daniel Tenengauzer Head of Markets Strategy & Insights and leader of its Aerial View market commentary platform, effective immediately....
Jul 31, 2019 04:24 pm ET
BNY Mellon to Report Third Quarter 2019 Results on October 16, 2019
NEW YORK, July 31, 2019 /PRNewswire/ -- BNY Mellon will report financial results for the third quarter 2019 on Wednesday, October 16, 2019. Materials will be posted to BNY Mellon's website at approximately 6:30 a.m. EDT, and management will host a conference call and simultaneous live audio webcast at 8 a.m. EDT that same day. This conference call and audio webcast will include forward-looking statements and may include other material information....
Jul 18, 2019 10:23 am ET
Markets Looking Past June Performance to Clarity on Economic Data, Fed's Next Move
KING OF PRUSSIA, Pa., July 18, 2019 /PRNewswire/ -- Markets recorded their best June performance in decades and welcomed a recent change in tone from the Federal Reserve ("Fed"), but investors could be disappointed by strengthening economic data if the U.S. central bank chooses a less accommodative policy, according to the Investment Insights by BNY Mellon's Lockwood Advisors, Inc. ("Lockwood"). ...
Jul 17, 2019 06:30 am ET
BNY Mellon Declares Dividends
NEW YORK, July 17, 2019 /PRNewswire/ -- The Bank of New York Mellon Corporation (NYSE: BK) today announced that its Board of Directors authorized dividends on its common and preferred stock as follows:...
Jul 17, 2019 06:30 am ET
Jul 11, 2019 04:15 pm ET
Jolen Anderson Joins BNY Mellon as Global Head of Human Resources
NEW YORK, July 11, 2019 /PRNewswire/ -- BNY Mellon has appointed Jolen Anderson as Global Head of Human Resources.  Ms. Anderson will join the company on September 2, 2019, reporting to Chairman and Chief Executive Officer, Charles W. Scharf, and will be a member of the firm's Executive Committee....
May 22, 2019 04:30 pm ET
BNY Mellon to Speak at the 2019 Deutsche Bank Global Financial Services Conference
NEW YORK, May 22, 2019 /PRNewswire/ -- Charles W. Scharf, Chairman and Chief Executive Officer, and Michael Santomassimo, Chief Financial Officer, will speak at the 2019 Deutsche Bank Global Financial Services Conference in New York at 8:00 a.m. EDT on Wednesday, May 29, 2019. The discussion may include forward-looking statements and other material information....
May 20, 2019 05:41 pm ET
Ed Garden Steps Down from BNY Mellon Board of Directors
NEW YORK, May 20, 2019 /PRNewswire/ -- BNY Mellon today announced that Ed Garden will step down from the Board of Directors in light of his new role as a member of the Board of Directors of Legg Mason. His resignation will be effective June 10, 2019. Mr. Garden has been a Director of BNY Mellon since December 2014. During that time, he has served as Chair of the Human Resources and Compensation Committee and as a member of the Risk Committee, the Finance Committee and the Corporate Governance, Nominating and Social Responsibility Committee. He also chaired the search committee for the compan...
May 16, 2019 08:00 am ET
BNY Mellon Head of Digital Roman Regelman to Speak at the MIT Sloan CIO Symposium
NEW YORK, May 16, 2019 /PRNewswire/ -- BNY Mellon today announced that Roman Regelman, Head of Digital, will be one of an elite group of presenters at the 16th Annual 2019 MIT Sloan CIO Symposium on May 22, 2019. At the premier CIO conference, Mr. Regelman will be speaking about Digital Innovation at the "Creating a Digital Innovation Toolkit" session. To register for the Symposium, please click here....
May 15, 2019 09:00 am ET
Median Total Master Trust Return Rebounds to Positive Territory in Q1 2019 After Negative Q4 According to BNY Mellon U.S. Master Trust Universe/BNY Mellon Asset Strategy View®
NEW YORK, May 15, 2019 /PRNewswire/ -- The BNY Mellon U.S. Master Trust Universe returned a median +7.63% in the first quarter of 2019, returning to positive performance after negative performance for the prior quarter. ...
May 14, 2019 11:32 am ET
BNY Mellon's Pershing Reimagines INSITE, Its Flagship Event, Announces 2019 Agenda
JERSEY CITY, N.J., May 14, 2019 /PRNewswire/ -- BNY Mellon's Pershing ("Pershing") today announced the agenda and speakers at its annual INSITE conference, which will take place Wednesday, June 12, through Friday, June 14, at the Phoenix Convention Center in Phoenix, Arizona. ...
May 09, 2019 04:30 pm ET
BNY Mellon to Report Second Quarter 2019 Results on July 17, 2019
NEW YORK, May 9, 2019 /PRNewswire/ -- BNY Mellon will report financial results for the second quarter 2019 on Wednesday, July 17, 2019. Materials will be posted to BNY Mellon's website at approximately 6:30 a.m. EDT, and management will host a conference call and simultaneous live audio webcast at 8 a.m. EDT that same day. This conference call and audio webcast will include forward-looking statements and may include other material information....
May 09, 2019 09:20 am ET
BNY Mellon Names Subhankar Sinha as Head of Blockchain
NEW YORK, May 9, 2019 /PRNewswire/ -- BNY Mellon today announced that it has appointed Subhankar Sinha as Head of Blockchain, who will be the latest addition to the firm's growing Digital team. Sinha will be based in New York....
May 08, 2019 10:00 am ET
BNY Mellon's Pershing appoints James ('Jim') T. Crowley Chief Executive Officer; Lisa Dolly is appointed Chairman of Pershing Group LLC as part of leadership transition
NEW YORK, May 8, 2019 /PRNewswire/ -- BNY Mellon has appointed James ('Jim') T. Crowley as Chief Executive Officer of BNY Mellon's Pershing ('Pershing'), effective July 1, 2019. Mr. Crowley, currently Pershing's Chief Operating Officer, will report to Todd Gibbons, Vice Chairman and Chief Executive Officer, Clearing, Markets and Client Management.  He will join BNY Mellon's Executive Committee. ...
May 08, 2019 09:00 am ET
BNY Mellon Asset Servicing Selected as the Custodian of Microsoft's Treasury Group
NEW YORK, May 8, 2019 /PRNewswire/ -- BNY Mellon today announced that the Microsoft Corporation (Microsoft) has selected BNY Mellon as global custodian for its Treasury, which manages $130 billion in assets. The transition, which was completed in November, marks the first time in almost a decade that Microsoft has changed custodian. As its new custodian, BNY Mellon will offer a complex cross-business bundle of services, including: custody, collateral management, performance measurement and liquidity services—all of which will target Microsoft's corporate cash portfolio needs. ...
May 07, 2019 08:00 am ET
BNY Mellon and AcadiaSoft Team Up to Solve Last Piece of Collateral Puzzle
NEW YORK, May 7, 2019 /PRNewswire/ -- Buy-side derivatives market participants are now able to fully outsource their entire non-cleared margin workflow, via the market's first end-to-end collateral solution developed by BNY Mellon....
May 02, 2019 04:30 pm ET
BNY Mellon to Speak at the 2019 Barclays Americas Select Franchise Conference
NEW YORK, May 2, 2019 /PRNewswire/ -- Michael Santomassimo, Chief Financial Officer, and Hani Kablawi, Chief Executive Officer of Global Asset Servicing and Chairman of Europe, Middle East and Africa (EMEA) region, will speak at the 2019 Barclays Americas Select Franchise Conference in London at 11:45 a.m. GMT on Wednesday, May 15, 2019. The discussion may include forward-looking statements and other material information....
Apr 30, 2019 11:59 am ET
Creating a better client experience is the highest priority for the nation's premier advisory firms: The 2019 Elite Advisor Poll
JERSEY CITY, N.J., April 30, 2019 /PRNewswire/ -- Leaders of some of the nation's largest advisory firms attending the 2019 Elite Advisor Summit held by BNY Mellon's Pershing ("Pershing") last month underscored how technology continues to be both a strategic business imperative and a primary business challenge. ...
Apr 30, 2019 09:00 am ET
Horizon Healthcare Services, Inc. Selects BNY Mellon to Provide Custody and Accounting Services
NEW YORK, April 30, 2019 /PRNewswire/ -- BNY Mellon today announced that it has been chosen by Horizon Healthcare Services, Inc. (Horizon), New Jersey's largest and oldest health insurer, to be its sole provider of global custody services, accounting and reporting, benefit disbursements, performance measurement, and analytics. BNY Mellon's New York and Pittsburgh offices will jointly support Horizon....
Apr 24, 2019 09:00 am ET
IFP Selects AdvisorEngine to Power New Digital Wealth Experience and WisdomTree to Provide Investment Solutions
NEW YORK, April 24, 2019 /PRNewswire/ -- Independent Financial Partners ("IFP"), an SEC registered investment advisor and soon-to-be broker-dealer specializing in wealth management and retirement plan consulting, today announced that it has entered into a strategic relationship with AdvisorEngine, the financial experience company that provides a digital wealth management platform for financial advisors and their clients, through which WisdomTree (NASDAQ: WETF), an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, model portfolios will be accessible. ...
Apr 17, 2019 06:30 am ET
BNY Mellon Declares Dividends
NEW YORK, April 17, 2019 /PRNewswire/ -- The Bank of New York Mellon Corporation today announced that its Board of Directors authorized dividends on its common and preferred stock as follows:...
Apr 17, 2019 06:30 am ET
Apr 16, 2019 11:44 am ET
AM Best Affirms Credit Ratings of BNY Trade Insurance, Ltd. and The Hamilton Insurance Corp.
AM Best has affirmed the Financial Strength Ratings of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” of BNY Trade Insurance, Ltd. (BNY Trade) (Hamilton, Bermuda) and The Hamilton Insurance Corp. (Hamilton) (Melville, NY). The outlook of these Credit Ratings (ratings) remains stable.
Apr 15, 2019 10:00 am ET
BNY Mellon Named Depositary Bank by Jumia Technologies AG, the Leading Pan-African E-commerce Platform, for its Initial Public Offering in the United States
NEW YORK, April 15, 2019 /PRNewswire/ -- BNY Mellon announced that it has been appointed by Jumia Technologies AG (Jumia), the leading pan-African e-commerce platform, for its American Depositary Receipt (ADR) program. Jumia is active in six regions in Africa, which consist of 14 countries that together accounted for 72% of Africa's GDP of €2 trillion and 74% of African consumer expenditure of €1.4 trillion in 2018. Each Jumia ADR represents two ordinary shares and trades on the New York Stock Exchange under symbol "JMIA." ...
Apr 15, 2019 08:30 am ET
Majority of U.S. Investors Unfamiliar With Social Investment According to National Research Study from Newton Investment Management
NEW YORK, April 15, 2019 /PRNewswire/ -- A major new research study released today from Newton Investment Management, a BNY Mellon Investment Management firm, revealed that more than half (55%) of American investors are unfamiliar with the concept of "Social Investment," defined here as the collective term for investments that seek to achieve some combination of economic, social, and environmental goals (ESG, responsible investing, etc.)....
Apr 15, 2019 08:00 am ET
Institutions Rank Technology and Regulatory Revision as the Two Most Effective Ways of Helping to Reduce the Trade Finance Gap, According to BNY Mellon Global Survey
NEW YORK, April 15, 2019 /PRNewswire/ -- BNY Mellon today released its "Overcoming the Trade Finance Gap: Root Causes and Remedies" report, which finds that the trade finance gap remains a significant issue for global trade, according to 100 global, regional, and domestic banks, specialist trade providers and other market participants responding to its survey. The $1.5 trillion global trade finance gap is affecting development and investment flows and financial inclusion, and businesses appear to be facing an increasingly uphill struggle in accessing the resources and support needed to fulfi...
Apr 10, 2019 11:09 am ET
For the third year in a row, hiring and developing talent is the top business challenge for elite advisory firms: The 2019 Elite Advisor Poll
JERSEY CITY, N.J., April 10, 2019 /PRNewswire/ -- Leaders of some of the nation's largest advisory firms acknowledge that hiring and developing talent will be the biggest driver of growth for their business in the next few years, but they face mounting challenges in identifying the right talent, expanding their talent pools and implementing initiatives that help drive diversity, according to a poll conducted at the 2019 Elite Advisor Summit held by BNY Mellon's Pershing last month in Fort Lauderdale, Florida....
Apr 09, 2019 12:44 pm ET
Markets Looking Past Global Growth Concerns on Hopes of More Record Highs
KING OF PRUSSIA, Pa., April 9, 2019 /PRNewswire/ -- Markets continue to look past weaker global macroeconomic readings to potential better performance in the back half of the year, according to the Investment Insights issued today by BNY Mellon's Lockwood Advisors, Inc. ("Lockwood"). ...
Apr 09, 2019 08:00 am ET
BNY Mellon Strengthens Digital Leadership with Three Industry Hires
NEW YORK, April 9, 2019 /PRNewswire/ -- BNY Mellon today announced that it has appointed Alina Peradze as Digital Business Development Leader, Janelle Prevost as Client Journey Reimagination Leader, and Michael Demissie as Advanced Digital Solutions Leader. These senior appointments are part of the overarching strategy to digitize BNY Mellon. All three report to Roman Regelman, Senior Executive Vice President and Head of Digital for BNY Mellon, and will be based in New York, effective immediately. ...
Apr 03, 2019 07:00 am ET
BNY Mellon and BlackRock Partner to Deliver Integrated Technology and Servicing Capabilities across the Investment Lifecycle
NEW YORK, April 3, 2019 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") and BlackRock, through its BlackRock Solutions business, announced today a strategic alliance to deliver integrated data, technology, and asset management servicing capabilities to common clients. These new capabilities integrate BNY Mellon's data insights, accounting, and servicing tools into Aladdin®, BlackRock's investment and operating platform for investment managers. ...
Mar 26, 2019 04:16 pm ET
BNY Mellon to Webcast Annual Meeting of Stockholders on April 9, 2019
NEW YORK, March 26, 2019 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, today announced that it will provide a live webcast of its annual meeting of stockholders on Tuesday, April 9, 2019. This webcast may include forward-looking statements and other material information....
Mar 26, 2019 10:00 am ET
Senthil Kumar Joins BNY Mellon as Chief Risk Officer
NEW YORK, March 26, 2019 /PRNewswire/ -- BNY Mellon has appointed Senthil Kumar as Senior Executive Vice President and Chief Risk Officer. Mr. Kumar, who joins the company in July 2019, will report to Charlie Scharf, Chairman and Chief Executive Officer.  He will join the Executive Committee, BNY Mellon's senior-most governing body. ...
Mar 25, 2019 09:00 am ET
SkyBridge Opportunity Zone Real Estate Investment Trust Selects BNY Mellon to Provide Fund Administration Services
NEW YORK, March 25, 2019 /PRNewswire/ -- BNY Mellon has been chosen by SkyBridge Capital to be the sole provider of global fund administration services for its Opportunity Zone Real Estate Investment Trust ("SOZ REIT"), a private, non-traded real estate investment trust with a mandate to invest in residential, commercial, and industrial real estate in US Treasury-designated Opportunity Zones in the US. ...
Mar 19, 2019 09:00 am ET
BNY Mellon Debuts Service to Evaluate Environmental, Social and Governance Factors in Investment Performance
NEW YORK, March 19, 2019 /PRNewswire/ -- BNY Mellon today announced the launch of a range of reporting tools that will enable clients to track their portfolio investments based on environmental, social and governance (ESG) issues and United Nations Global Compact (UNGC) principles. The new reports are being introduced at a time when an increasing number of institutional investors are exploring how ESG and other types of sustainability data can help them fine-tune their risk management practices and investment decisions. Additionally, the demand for ESG scoring is increasing as ESG-related re...
Mar 13, 2019 04:16 pm ET
BNY Mellon to Report First Quarter 2019 Results on April 17, 2019
NEW YORK, March 13, 2019 /PRNewswire/ -- BNY Mellon will report financial results for the first quarter 2019 on Wednesday, April 17, 2019. Materials will be posted to BNY Mellon's website at approximately 6:30 a.m. EDT, and management will host a conference call and simultaneous live audio webcast at 8 a.m. EDT that same day. This conference call and audio webcast will include forward-looking statements and may include other material information....
Mar 13, 2019 11:22 am ET
BNY Mellon is Accepting Applications for Grants to Benefit Canonsburg Youth
PITTSBURGH, March 13, 2019 /PRNewswire/ -- BNY Mellon Wealth Management is accepting applications for grants from the Ernest Q. Johnson Trust. The fund was established in 1970 to support organizations providing for Canonsburg-area youth, and distributes income to charitable, religious or educational organizations. The Ernest Q. Johnson Trust is administered by BNY Mellon Wealth Management and honors the memory of Ernest Q. Johnson's parents, John G. and Annie K. M. Johnson. ...
Mar 04, 2019 07:31 am ET
BNY Mellon Investment Management to Rebrand Dreyfus
NEW YORK, March 4, 2019 /PRNewswire/ -- BNY Mellon Investment Management today announced that it is rebranding the Dreyfus retail business and long-term mutual funds in the U.S. to align with the BNY Mellon Investment Management brand, effective on or about June 3, 2019, as part of a larger global brand initiative. ...
Feb 25, 2019 08:00 am ET
BNY Mellon's New SmartPay Global(SM) Offers Payment Capabilities in Over 160 Countries
NEW YORK, Feb. 25, 2019 /PRNewswire/ -- BNY Mellon today announced the launch of SmartPay Global℠, a foreign exchange (FX) and multi-currency service that allows seamless payments in more than 160 countries from a single US or UK-domiciled account. ...
Feb 20, 2019 08:00 am ET
U.S Master Trust Universe Posts Negative Result Following Two Quarters of Positive Performance According to BNY Mellon U.S. Master Trust Universe/BNY Mellon Asset Strategy View®
NEW YORK, Feb. 20, 2019 /PRNewswire/ -- The BNY Mellon U.S. Master Trust Universe returned a median -5.91% in the fourth quarter of 2018, returning to negative performance after positive performance for the two prior quarters. ...
Feb 06, 2019 09:00 am ET
BNY Mellon's Pershing Climbs to the Top Spot for Brokerage Statements
JERSEY CITY, N.J., Feb. 6, 2019 /PRNewswire/ -- BNY Mellon's Pershing ("Pershing") today announced that it has topped the list for Brokerage Investor Statements in DALBAR's 2018 Trends & Best Practices in Investor Statementsi. Pershing landed the top spot for the first time since 2013 due to a series of improvements made to its statements over the past few years. The firm was ranked second in last year's ranking....
Feb 05, 2019 08:15 am ET
Paul Camp, CEO of Treasury Services, joins BNY Mellon's Executive Committee
NEW YORK, Feb. 5, 2019 /PRNewswire/ -- BNY Mellon announced today that Paul Camp, Chief Executive Officer, Treasury Services, has been appointed to the Executive Committee, the company's senior-most governing body.  Mr. Camp will continue to report to Todd Gibbons, Chief Executive Officer, Clearing, Markets and Client Management. ...
Jan 31, 2019 08:30 am ET
BNY Mellon's Pershing Increases Investment in the Advisory Experience
DENTON, Texas, Jan. 31, 2019 /PRNewswire/ -- Presenting at the T3 Advisor Conference in Denton, Texas, BNY Mellon's Pershing ("Pershing") called on advisory firms to re-think their business models and technology platform strategy in light of the industry shift from an investment-forward to an experience-forward mindset....
Jan 29, 2019 08:34 am ET
Jim Crowley Appointed to the Board of the Financial Services Institute
JERSEY CITY, N.J., Jan. 29, 2019 /PRNewswire/ -- BNY Mellon's Pershing (Pershing) today announced that Financial Services Institute (FSI) has appointed Pershing Chief Operating Officer Jim Crowley to its Board of Directors. ...
Jan 16, 2019 05:30 am ET
BNY Mellon Declares Dividends
NEW YORK, Jan. 16, 2019 /PRNewswire/ -- The Bank of New York Mellon Corporation today announced that its Board of Directors authorized dividends on its common and preferred stock as follows:...
Jan 16, 2019 05:30 am ET
Jan 14, 2019 10:23 am ET
Near-Term Pessimism Driving Markets, But Many Ingredients For A Rally Still Present
KING OF PRUSSIA, Pa., Jan. 14, 2019 /PRNewswire/ -- Markets have discounted a great deal of future slowdown driven by the many political and economic factors weighing on stocks over the past month, according to the Investment Insights issued today by BNY Mellon's Lockwood Advisors, Inc. (Lockwood). ...
Jan 14, 2019 09:00 am ET
BNY Mellon Wealth Management Names Ray LaDieu as Senior Wealth Director in Dallas, Texas
DALLAS, Jan. 14, 2019 /PRNewswire/ -- BNY Mellon Wealth Management has named Ray LaDieu as a Senior Wealth Director in Dallas, Texas. LaDieu will be responsible for helping high net worth families and business owners through holistic, multigenerational wealth management, reporting directly to Regional President Todd Carlton....
Dec 14, 2018 10:00 am ET
BNY Mellon to Report Fourth Quarter 2018 Results on January 16, 2019
NEW YORK, Dec. 14, 2018 /PRNewswire/ -- BNY Mellon will report financial results for the fourth quarter 2018 on Wednesday, January 16, 2019. Materials will be posted to BNY Mellon's website at approximately 6:30 a.m. EST, and management will host a conference call and simultaneous live audio webcast at 8 a.m. EST that day. This conference call and audio webcast will include forward-looking statements and may include other material information....
Dec 12, 2018 09:08 am ET
Independent Financial Partners Selects Albridge Wealth Reporting for Its Advisors
PENNINGTON, N.J., Dec. 12, 2018 /PRNewswire/ -- BNY Mellon's Albridge, an affiliate of Pershing and a leading provider of enterprise data management solutions, today announced that it has been selected by Independent Financial Partners (IFP), a multi-custodial RIA and soon-to-be broker-dealer that specializes in wealth management and retirement plan consulting, to provide wealth reporting to its approximately 500 advisors nationwide....
Dec 11, 2018 08:00 am ET
BNY Mellon Announces New Enhancements to its ETF Order Capabilities
NEW YORK, Dec. 11, 2018 /PRNewswire/ -- BNY Mellon today announced an expansion of its real-time electronic messaging service for ETF order taking.  This enhancement is part of an ongoing strategic effort to improve the primary market transactional experience for Authorized Participants (APs) and Market Makers (MMs)....
Dec 10, 2018 03:06 pm ET
BNY Mellon Announces $830 Million Increase to Common Stock Share Repurchase Program
NEW YORK, Dec. 10, 2018 /PRNewswire/ -- BNY Mellon today announced that it has received approval from the Federal Reserve and its Board of Directors to immediately increase its repurchase program of common stock by up to an additional $830 million through the second quarter of 2019.  These repurchases are in addition to the company's repurchase of $2.4 billion of common stock previously announced on June 28, 2018. ...
Dec 10, 2018 08:30 am ET
BNY Mellon Appointed to Upgrade Suzano Depositary Receipts Program to New York Stock Exchange Listing
NEW YORK, Dec. 10, 2018 /PRNewswire/ -- BNY has announced that it has been appointed by Suzano Papel e Celulose SA (Suzano) to upgrade its current Level I American Depositary Receipt (ADR) program, traded over the counter, to a Level II program to be traded on the New York Stock Exchange (NYSE). The upgraded program will be listed under the symbol SUZ, effective today, with each ADR representing two ordinary shares. Suzano's ordinary shares are listed on the São Paulo Stock Exchange....
Dec 05, 2018 05:08 am ET
Vestwell and BNY Mellon Collaborate to Tackle State-Mandated IRA Programs Nationwide
NEW YORK, Dec. 5, 2018 /PRNewswire/ -- Vestwell, a digital retirement platform, today announced a strategic relationship with BNY Mellon, the largest custodian in the world and global leader in investment management and investment services. Together, the firms will now offer 401(k), 403(b), and employer-sponsored IRA plans to BNY Mellon clients, accessible via Vestwell's turnkey digital interface.  ...
Nov 27, 2018 10:15 am ET
SQM Frontier Management Selects BNY Mellon to Provide Custody Services
NEW YORK, Nov. 27, 2018 /PRNewswire/ -- BNY Mellon has been chosen by SQM Frontier Management (SQM) to be its sole provider of prime custody and FX services. Built around a dedicated client service model with a unique understanding of the demands of the alternative investment industry, BNY Mellon's innovative technology emerged as the best choice to provide real-time access to information, customizable reporting and historical account data to support SQM's specific needs. ...
Nov 27, 2018 07:00 am ET
BNY Mellon to Speak at the 2018 Goldman Sachs U.S. Financial Services Conference
NEW YORK, Nov. 27, 2018 /PRNewswire/ -- Charles W. Scharf, Chairman and Chief Executive Officer of BNY Mellon, and Michael Santomassimo, Chief Financial Officer of BNY Mellon, will speak at the 2018 Goldman Sachs U.S. Financial Services Conference in New York at 8:10 a.m. EST on Tuesday, December 4. The discussion may include forward-looking statements and other material information....
Nov 22, 2018 04:00 am ET
Non-financial performance measurement is biggest hurdle for ESG investing
LONDON, Nov. 22, 2018 /PRNewswire/ -- Measurability and comparability of non-financial performance remain the biggest hurdles to ESG investment growth, according to a report from BNY Mellon....
Nov 15, 2018 02:00 pm ET
Lester Owens Joins BNY Mellon as Head of Operations
NEW YORK, Nov. 15, 2018 /PRNewswire/ -- BNY Mellon has appointed Lester Owens as Senior Executive Vice President and Head of Operations. Mr. Owens, who joins the company in February 2019, will report to Chairman and Chief Executive Officer, Charles W. Scharf, and will join the firm's Executive Committee, BNY Mellon's senior-most governing body. ...
Nov 14, 2018 02:15 am ET
Slovenian State-Owned Bank NLB Appoints BNY Mellon Depositary in Groundbreaking Slovenian Global Depositary Receipt Program to Trade on the London Stock Exchange
NEW YORK, Nov. 14, 2018 /PRNewswire/ -- BNY Mellon has been appointed by Nova Ljubljanska bank d.d., Ljubljana (NLB) as the depositary bank for its Depositary Receipt program. The program will be denominated in Euros while trading on the London Stock Exchange. The Global Depositary Receipts program will be Slovenia's only active DR program. Earlier offerings had been in the form of American Depositary Receipts....
Nov 06, 2018 08:00 am ET
Public Plans Top Performers as Corporate Plans Continue to Lag, According to BNY Mellon U.S. Master Trust Universe/BNY Mellon Asset Strategy View®
NEW YORK, Nov. 6, 2018 /PRNewswire/ -- The BNY Mellon U.S. Master Trust Universe returned a median 2.22% in the third quarter of 2018, maintaining positive performance for a second consecutive quarter. ...
Nov 05, 2018 07:00 am ET
New BNY Mellon Research Finds Corporate Payments Firmly Planted In Both Physical And Digital Worlds
NEW YORK, Nov. 5, 2018 /PRNewswire/ -- BNY Mellon today released its latest whitepaper on trends in the payment space. "The Future of Payments— A Corporate Perspective" focuses on the needs, pain points, and priorities of corporates, their attitudes toward the wave of new technologies that have impacted payments so far, and their thinking around adoption of those technologies in the future. The whitepaper will also be featured in a presentation at the AFP conference in Chicago....
Nov 01, 2018 08:00 am ET
BNY Mellon Deploys Extensive Team To AFP 2018
NEW YORK, Nov. 1, 2018 /PRNewswire/ -- BNY Mellon today announced that a team of over 70 leaders will attend this year's AFP conference in Chicago, being held November 4 – 7, 2018. In addition, five BNY Mellon executives will be featured on AFP panels. ...
Oct 31, 2018 09:46 am ET
BNY Mellon's Pershing Advisor Solutions Launches Managed Accounts Solution for RIAs
JERSEY CITY, N.J., Oct. 31, 2018 /PRNewswire/ -- BNY Mellon's Pershing Advisor Solutions today announced that Managed360®, a turnkey managed account solution designed to help advisors realize increased efficiencies and drive scale, is now available to its clients. The announcement comes on the heels of the introduction of ManagedConnect™—a dual contract managed account offering—underscoring Pershing's commitment to supporting growth in the registered investment advisor (RIA) market....
Oct 24, 2018 12:07 pm ET
Majority of Investors Think All Advisors Make the Same Promises: Study by BNY Mellon's Pershing
JERSEY CITY, N.J., Oct. 24, 2018 /PRNewswire/ -- Even top advisors struggle with developing a unique value proposition, according to the study, "Advisor Value Propositions: How Advisors Showcase Their Value—and What Investors Secretly Think," released today by BNY Mellon's Pershing (Pershing). Sixty-three percent of investors surveyed as part of the study indicate that all financial advisors make the same promises, making it difficult to distinguish between them....
Oct 23, 2018 08:00 am ET
BNY Mellon Launches Digital Content Experience to Explore How Digitalization is Transforming Correspondent Banking
SYDNEY, Oct. 23, 2018 /PRNewswire/ -- BNY Mellon today released a special edition "magazine" at the Sibos conference in Sydney. The content explores how rapid digitalization has affected correspondent banking and how it will shape the future. ...
Oct 22, 2018 06:18 pm ET
BNY Mellon and Bank of the West Announce Agreement on New Real-Time Payments (RTP®) Solution and Disbursements with Zelle® for Commercial Clients
SYDNEY, Oct. 22, 2018 /PRNewswire/ -- BNY Mellon and Bank of the West announced agreement today where BNY Mellon is providing Bank of the West extended capabilities to help deliver faster payments solutions for its commercial clients through connectivity to RTP® and Disbursements with Zelle®....
Oct 18, 2018 06:30 am ET
BNY Mellon Declares Dividends
NEW YORK, Oct. 18, 2018 /PRNewswire/ -- The Bank of New York Mellon Corporation today announced that its Board of Directors authorized dividends on its common and preferred stock as follows:...
Oct 18, 2018 06:30 am ET
Oct 17, 2018 04:17 pm ET
BNY Mellon Shows Global Commitment to Sibos 2018 Sydney
NEW YORK, Oct. 17, 2018 /PRNewswire/ -- BNY Mellon today announced that a team of over 25 leaders will attend this year's Sibos conference in Sydney, Australia. Four BNY Mellon executives from around the world will be featured on Sibos panels....
Oct 12, 2018 12:00 pm ET
BNY Mellon Wealth Management Receives Civic 50 Orange County Award
NEWPORT BEACH, Calif., Oct. 12, 2018 /PRNewswire/ -- BNY Mellon Wealth Management's Newport Beach location was named a 2018 Civic 50 Orange County honoree at yesterday's annual luncheon. The office was recognized as one of the 50 most community-minded companies in Orange County for their efforts to improve the quality of life in the community. The Civic 50 Orange County Award, presented by the Orange County Business Journal in partnership with non-profit OneOC, provides a local standard for superior corporate citizenship. ...
Oct 11, 2018 06:00 pm ET
UpPrize Names Winners of Social Innovation Challenge
PITTSBURGH, Oct. 11, 2018 /PRNewswire/ -- Today the UpPrize, BNY Mellon Social Innovation Challenge has named TalkMeUp, C.C. Busy and Sign Track as the winners of its Great Solutions Challenge at a Showcase held at The Carnegie Science Center. UpPrize was developed to bridge the gap between the nonprofit and entrepreneurial communities as well as to increase the number of impactful technology based solutions targeted to address critical social challenges. The challenge is organized by The Forbes Funds, a supporting organization of The Pittsburgh Foundation, in collaboration with the BNY Mell...
Oct 11, 2018 02:30 am ET
BNY Mellon Names Bhargavi Nuvvula to Lead Corporate Technology
PUNE, India, Oct. 11, 2018 /PRNewswire/ -- BNY Mellon today announced that it has appointed Bhargavi Nuvvula to lead its Corporate Technology organization. Nuvvula will be based in Pune, India and report to Nitin Chandel, Head of BNY Mellon Technology, India....
Oct 10, 2018 01:54 pm ET
Tighter Monetary Policy Likely to Shape the Markets Through 2018 and Beyond
KING OF PRUSSIA, Pa., Oct. 10, 2018 /PRNewswire/ -- The Federal Reserve (Fed) could soon reach a policy rate that meets or exceeds the neutral rate of interest, leading to increased uncertainty around future Fed moves and potentially to unexpected jolts in the market, according to the recent Investment Insights issued by BNY Mellon's Lockwood Advisors, Inc. (Lockwood)....
Oct 09, 2018 07:00 am ET
Eagle's Insurance Accounting Solution Selected by Intact Investment Management Inc.
BOSTON, Oct. 9, 2018 /CNW/ -- Eagle Investment Systems LLC, a BNY Mellon company and leading provider of financial services technology, announced today that Intact Investment Management Inc. ("IIM") has selected Eagle's Insurance Accounting solution to meet its insurance accounting and regulatory reporting needs....
Oct 09, 2018 07:00 am ET
Eagle's Insurance Accounting Solution Selected by Intact Investment Management Inc.
BOSTON, Oct. 9, 2018 /PRNewswire/ -- Eagle Investment Systems LLC, a BNY Mellon company and leading provider of financial services technology, announced today that Intact Investment Management Inc. ("IIM") has selected Eagle's Insurance Accounting solution to meet its insurance accounting and regulatory reporting needs....
Oct 03, 2018 06:00 am ET
BNY Mellon Names Avi Shua as Technology Lead for Wealth Management
NEW YORK, Oct. 3, 2018 /PRNewswire/ -- BNY Mellon, a global leader in investment services and investment management, today announced that it has appointed Avi Shua as Technology Lead for Wealth Management, effective immediately. Mr. Shua will report to BNY Mellon's Chief Information Officer, Bridget Engle, and Wealth Management CEO, Catherine Keating. Mr. Shua will be a member of the Technology Executive Committee and Wealth Management leadership team....
Oct 02, 2018 10:13 am ET
New Study Finds Registered Investment Advisors Enjoying Higher Revenue, But Growth May Be Vulnerable to Market Changes
JERSEY CITY, N.J., Oct. 2, 2018 /PRNewswire/ -- The 2018 Study of Pricing & Profitability, which is conducted by InvestmentNews and sponsored by BNY Mellon's Pershing Advisor Solutions, indicates that registered investment advisor (RIA) revenues have improved compared to 2015—the last time this same study was conducted. ...
Oct 02, 2018 08:30 am ET
BNY Mellon Investment Management's U.S. Multi-Asset Manager Builds Out Liquid Alternative Capabilities with New Risk Parity and Managed Futures Strategies
BOSTON, Oct. 2, 2018 /PRNewswire/ -- BNY Mellon Investment Management's U.S. Multi-Asset Manager, which will operate under the brand Mellon effective January 2, 2019, has hired an experienced investment team managing quantitative strategies including Risk Parity, Managed Futures and Alternative Risk Premia. ...
Oct 01, 2018 10:00 am ET
BNY Mellon Debuts Analysis Enhancements to its BNY Mellon Risk View(SM) Offering to Better Service Institutional Investors' Needs
NEW YORK, Oct. 1, 2018 /PRNewswire/ -- BNY Mellon today announced that it has expanded its BNY Mellon Risk ViewSM offering to make it easier for institutional investors to perform ex-ante (forward-looking) risk analysis. Through a new service approach that applies advanced factor models to a client's portfolio returns, clients can now access key risk measures and analytics at a competitive cost. The new factor-based service extends Risk View's existing capability, which uses security-level data in a full revaluation approach. The newest Risk View offering is particularly useful to institutio...
Oct 01, 2018 08:00 am ET
BNY Mellon Names Sabet Elias in New Role as Chief Technology Officer
NEW YORK, Oct. 1, 2018 /PRNewswire/ -- BNY Mellon today announced the appointment of Sabet Elias in a new role as Chief Technology Officer (CTO). Mr. Elias will report to Bridget Engle, Senior Executive Vice President and Chief Information Officer. He will join the firm's Technology Executive Committee and be based in New York, effective today....
Sep 27, 2018 09:00 am ET
BNY Mellon Wealth Management Names Paul J. Simon as Senior Director, Wealth Manager in Naples, Florida
NAPLES, Fla., Sept. 27, 2018 /PRNewswire/ -- BNY Mellon Wealth Management has named Paul J. Simon as Senior Director, Wealth Manager in Naples, Florida. Simon will report to Senior Director and Team Leader David J. Maksymetz and will be responsible for managing client relationships covering all aspects of wealth management advice including investments, planning and banking. ...
Sep 27, 2018 08:30 am ET
BNY Mellon Investment Management Announces Mellon as New Name of U.S. Investment Manager
BOSTON, Sept. 27, 2018 /PRNewswire/ -- Following the successful integration of BNY Mellon Investment Management's U.S. multi-asset manager, the firm today announced it will be branded Mellon effective on January 2, 2019. The firm was formed in 2018 to combine the active equity strategies of The Boston Company; the active fixed income strategies of Standish Mellon; and the index, multi-asset and multi-factor strategies of Mellon Capital to create a next-generation multi-asset investment manager. ...
Sep 27, 2018 08:00 am ET
BNY Mellon Becomes First Reseller Of Disbursements With Zelle®
NEW YORK, Sept. 27, 2018 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, announced today that it has signed a reseller agreement with Early Warning Services, the network operator of the Zelle Network®. BNY Mellon is the first bank to resell tokenized payment capabilities to its own financial institution clients, thereby continuing its role as an industry innovator in payments....
Sep 26, 2018 11:00 am ET
BNY Mellon's Lockwood Nearly Doubles the Number of Strategists on the Managed360® Program
JERSEY CITY, N.J., Sept. 26, 2018 /PRNewswire/ -- BNY Mellon's Lockwood Advisors, Inc. ("Lockwood") today announced the addition of 54 new model portfolios to its Managed360 program, nearly doubling the number of strategists and underlying model portfolios available to financial professionals and bringing the total number of third-party model portfolios to 123 and strategists available via the program to 131.  ...
Sep 26, 2018 04:00 am ET
Eagle's Accounting Solution Selected by Newton Investment Management to Replace Legacy Platform
LONDON, Sept. 26, 2018 /CNW/ -- Eagle Investment Systems LLC, a BNY Mellon company and leading provider of financial services technology, announced today that Newton Investment Management ("Newton") has selected Eagle Accounting to replace its legacy investment accounting platform....
Sep 26, 2018 04:00 am ET
Eagle's Accounting Solution Selected by Newton Investment Management to Replace Legacy Platform
LONDON, Sept. 26, 2018 /PRNewswire/ -- Eagle Investment Systems LLC, a BNY Mellon company and leading provider of financial services technology, announced today that Newton Investment Management ("Newton") has selected Eagle Accounting to replace its legacy investment accounting platform....
Sep 25, 2018 10:00 am ET
BNY Mellon Leaders Recognized by American Banker as 2018 Most Powerful Women in Banking
NEW YORK, Sept. 25, 2018 /PRNewswire/ -- For the second year in a row, American Banker recognized three of BNY Mellon's female leaders in its "Most Powerful Women in Banking" 2018 issue. Michelle Neal was named one of the "Most Powerful Women in Finance" and Monique R. Herena and Paulette Mullings Bradnock were chosen as "Women to Watch." Through this program, American Banker recognizes the professional achievements and influence of the top-performing female executives in banking and financial services....
Sep 24, 2018 04:00 pm ET
BNY Mellon Investment Management to Close EACM Advisors
NEW YORK, Sept. 24, 2018 /PRNewswire/ -- BNY Mellon Investment Management, a leading global asset manager, today announced its intention to wind down EACM Advisors LLC ("EACM"), its multi-manager and fund of hedge funds investment manager, as a standalone business. ...
Sep 24, 2018 10:00 am ET
BNY Mellon's HedgeMark Surpasses 100 Active Dedicated Managed Accounts; Closes In on $17B in Platform Assets
NEW YORK, Sept. 24, 2018 /PRNewswire/ -- HedgeMark Advisors LLC, the hedge fund dedicated managed account (DMA) platform unit of BNY Mellon, today announced that it recently surpassed 100 active client DMA funds, marking a significant milestone in the firm's growth since beginning its service in September of 2012. As of August 31, 2018, HedgeMark now services $16.9B in client platform assets. ...
Sep 19, 2018 08:00 am ET
BNY Mellon Crafts Innovative Debt-To-Equity Program For Oi Telecom In Largest-Ever Latin America Debt Restructuring
NEW YORK, Sept. 19, 2018 /PRNewswire/ -- BNY Mellon has announced its appointment as Depositary, Trustee, Registrar, Transfer Agent, Paying Agent, and Settlement Agent for the conversion of US$20 billion of defaulted debt into new bonds and equities via American Depositary Receipts and American Depositary Warrants for Brazilian telecom company Oi S.A. ...
Sep 18, 2018 04:16 pm ET
BNY Mellon to Report Third Quarter 2018 Results on October 18, 2018
NEW YORK, Sept. 18, 2018 /PRNewswire/ -- BNY Mellon will report financial results for the third quarter 2018 on Thursday, October 18, 2018. Materials will be posted to BNY Mellon's website at approximately 6:30 a.m. EDT, and management will host a conference call and simultaneous live audio webcast at 8 a.m. EDT that day. This conference call and audio webcast will include forward-looking statements and may include other material information....
Sep 18, 2018 07:00 am ET
BNY Mellon Investment Management Launches Dreyfus Japan Womenomics Fund
NEW YORK,, Sept. 18, 2018 /PRNewswire/ -- BNY Mellon Investment Management today announced the launch of Dreyfus Japan Womenomics Fund (the "Fund"). The Fund, which seeks long-term capital growth, is sub-advised by BNY Mellon Asset Management Japan Limited ("BNYMAM Japan"), an affiliate of the Fund's investment adviser, The Dreyfus Corporation ("Dreyfus"), BNY Mellon's U.S. Fund Platform....
Sep 12, 2018 09:00 am ET
BNY Mellon Wealth Management Names Michael M. Rubenstein as Wealth Director in Naples, Florida
NAPLES, Fla., Sept. 12, 2018  /PRNewswire/ -- BNY Mellon Wealth Management has named Michael Rubenstein as Wealth Director in Naples, FL. Rubenstein will report to Regional President of West Coast Florida, Lisa Simington, CFP. Rubenstein will focus on advising clients on all aspects of their financial goals and creating strategies to help achieve them in our fast-growing Naples office. ...
Sep 11, 2018 11:00 am ET
BNY Mellon Wealth Management Names Michael Doucette as Wealth Director in Denver, Colorado
DENVER, Sept. 11, 2018 /PRNewswire/ -- BNY Mellon Wealth Management has named Michael Doucette as a Wealth Director based in Denver. Doucette will report to the Regional Managing Director, Ed Kleist and will focus on BNY Mellon Wealth Management's business development....
Sep 10, 2018 10:00 am ET
BNY Mellon Names Frank J. Anduiza as Head of Americas Business Development for Hedge Fund Services
NEW YORK, Sept. 10, 2018 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, today announced that Frank J. Anduiza has joined as Head of Americas Business Development, Hedge Fund Services. ...
Sep 10, 2018 08:00 am ET
BNY Mellon Investment Management appoints Chief Economist
NEW YORK and LONDON, Sept. 10, 2018 /PRNewswire/ -- BNY Mellon Investment Management (BNY Mellon IM) announces the appointment of Shamik Dhar as Chief Economist, effective October 1, 2018.  With over 30 years' experience advising governments and institutions, Shamik's economic and capital market knowledge will bring a unique perspective to BNY Mellon IM's investment insights....
Sep 06, 2018 04:15 pm ET
BNY Mellon to Speak at the 2018 Barclays Global Financial Services Conference
NEW YORK, Sept. 6, 2018 /PRNewswire/ -- Charles W. Scharf, Chairman and Chief Executive Officer of BNY Mellon, and Michael Santomassimo, Chief Financial Officer of BNY Mellon, will speak at the 2018 Barclays Global Financial Services Conference in New York at 8:15 a.m. EDT on Thursday, September 13. The discussion may include forward-looking statements and other material information....
Sep 05, 2018 04:16 pm ET
Roman Regelman Joins BNY Mellon in New Role as Head of Digital
NEW YORK, Sept. 5, 2018 /PRNewswire/ -- BNY Mellon has appointed Roman Regelman to a new role as Senior Executive Vice President and Head of Digital, effective September 17, 2018. Mr. Regelman will report to Chairman and Chief Executive Officer, Charles W. Scharf, and will join the firm's Executive Committee, BNY Mellon's senior-most governing body. ...
Sep 05, 2018 10:30 am ET
BNY Mellon Appoints Emily Portney as Head of Asset Servicing for the Americas
NEW YORK, Sept. 5, 2018 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, has appointed Emily Portney, Head of Asset Servicing for the Americas, effective October 1, 2018. Ms. Portney will report directly to Asset Servicing Chief Executive Officer, Hani Kablawi, and will be based in New York. ...
Sep 05, 2018 04:00 am ET
Eagle Investment Systems and ACA Compliance Group Collaborate to Streamline Performance Data Reporting for GIPS Verification
BOSTON, Sept. 5, 2018 /CNW/ -- Eagle Investment Systems LLC, a BNY Mellon company and leading provider of financial services technology, and ACA Compliance Group (ACA), a leading provider of risk management and technology solutions focused on regulatory compliance and performance, today announced that they have collaborated to help standardize and streamline Global Investment Performance Standards (GIPS®) verifications for clients....
Sep 05, 2018 04:00 am ET
Eagle Investment Systems and ACA Compliance Group Collaborate to Streamline Performance Data Reporting for GIPS Verification
BOSTON, Sept. 5, 2018 /PRNewswire/ -- Eagle Investment Systems LLC, a BNY Mellon company and leading provider of financial services technology, and ACA Compliance Group (ACA), a leading provider of risk management and technology solutions focused on regulatory compliance and performance, today announced that they have collaborated to help standardize and streamline Global Investment Performance Standards (GIPS®) verifications for clients....
Sep 04, 2018 12:00 pm ET
BNY Mellon Wealth Management Names Dileep Surapaneni as Senior Wealth Director in Menlo Park
MENLO PARK, Calif., Sept. 4, 2018 /PRNewswire/ -- BNY Mellon Wealth Management has named Dileep Surapaneni as Senior Wealth Director based in Menlo Park, CA. Surapaneni will report to Regional President Thomas Fickinger and will be focused on BNY Mellon Wealth Management's business development, concentrating on multijurisdiction individuals, founders and business transition strategies....
Aug 27, 2018 09:00 am ET
BNY Mellon Wealth Management Names Bryan T. McGrath as Senior Wealth Director in Philadelphia, PA
PHILADELPHIA, Aug. 27, 2018 /PRNewswire/ -- BNY Mellon Wealth Management has named Bryan T. McGrath as Senior Wealth Director in Philadelphia, PA. McGrath will report to Robert Bowman, Managing Director - Business Development in the Mid-Atlantic Region....
Aug 16, 2018 08:00 am ET
Endowments Maintain Streak of Top Performance as Corporate Plan Returns Continue to Lag, according to BNY Mellon U.S. Master Trust Universe/Asset Strategy View®
NEW YORK, Aug. 16, 2018 /PRNewswire/ -- The BNY Mellon U.S. Master Trust Universe returned a median 0.63% in the second quarter of 2018, rebounding to positive performance after posting a negative first quarter result. ...
Jul 30, 2018 10:00 am ET
Tulane University Selects BNY Mellon for Asset Servicing
NEW YORK, July 30, 2018 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, has been chosen by Tulane University to be the prime provider of custody and administrative services to its $1.4 billion endowment fund....
Jul 26, 2018 05:11 pm ET
/C O R R E C T I O N -- BNY Mellon/
In the news release, Akash Shah Joins BNY Mellon as Head of Strategy, effective July 30, 2018, issued 26-Jul-2018 by BNY Mellon over PR Newswire, we are advised by the company that the quote in the third paragraph has been updated. The complete, corrected release follows:...
Jul 19, 2018 06:30 am ET
BNY Mellon Declares Dividends
NEW YORK, July 19, 2018 /PRNewswire/ -- The Bank of New York Mellon Corporation today announced that its Board of Directors authorized dividends on its common and preferred stock as follows:...
Jul 19, 2018 06:30 am ET
Jul 16, 2018 10:41 am ET
As Volatility Returns, Many Advisors Consider Alternative Investments: New Whitepaper by BNY Mellon's Pershing
JERSEY CITY, N.J., July 16, 2018 /PRNewswire/ -- Increased volatility so far this year, along with questions as to how much longer this bull market can continue, has led to increased interest in alternative investments. Advisors exploring alternative investments need to ensure they are viewing these investment vehicles in proper context and setting the right expectations with investors, according to a new whitepaper released today by BNY Mellon's Pershing. ...
Jul 12, 2018 09:00 am ET
BNY Mellon Wealth Management Names Olivier Khalil as Senior Wealth Director in Philadelphia, Pennsylvania
PHILADELPHIA, July 12, 2018 /PRNewswire/ -- BNY Mellon Wealth Management has named Olivier Khalil as senior wealth director in Philadelphia, Pennsylvania. Khalil will report to Mid-Atlantic Region Managing Director Robert Bowman and will be responsible for developing business relationships in the entrepreneur and merger and acquisitions market. ...
Jul 11, 2018 01:19 pm ET
BNY Mellon's Lockwood Advisors Outlines Key Considerations for Investors in the Third Quarter
KING OF PRUSSIA, Pa., July 11, 2018 /PRNewswire/ -- BNY Mellon's Lockwood Advisors, Inc. (Lockwood) today issued its second quarter 2018 Investment Insights, highlighting how recent market moves may impact investment decisions for the remainder of the year....
Jul 02, 2018 08:00 am ET
BNY Mellon and Texas Treasury Safekeeping Trust Company Complete Exchange of Ownership Stakes in Amherst Capital for Minority Interest in Amherst Holdings
NEW YORK, July 2, 2018 /PRNewswire/ -- BNY Mellon Investment Management ("BNY Mellon") and Amherst Holdings, LLC ("Amherst" or "Amherst Holdings"), today announced the completion of the transaction through which BNY Mellon has exchanged its majority equity interest in Amherst Capital Management LLC ("Amherst Capital") for a minority equity stake in Amherst Holdings ("Amherst"). Texas Treasury Safekeeping Trust Company1 ("TTSTC"), a founding seed investor in Amherst Capital, also completed the exchange of its economic interest in Amherst Capital for an interest in Amherst Holdings. Originally...
Jun 28, 2018 04:39 pm ET
BNY Mellon Announces Intention to Increase Quarterly Common Stock Dividend by 17 Percent to $0.28 per Share and to Repurchase up to $2.4 Billion of Common Stock; Federal Reserve Does Not Object to 201
NEW YORK, June 28, 2018 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, today announced that the Federal Reserve did not object to the 2018 capital plan in its Comprehensive Capital Analysis and Review submission. As a result, the company's board of directors has approved the repurchase of up to $2.4 billion of its common stock starting in the third quarter of 2018 and continuing through the second quarter of 2019.  The 2018 capital plan also includes an approximately 17 percent increase to BNY Mellon's quarterly cash dividend on common stock fro...
Jun 27, 2018 08:20 am ET
Factors of Influence in 2018, Key Indicators and Opportunity within DXC Technology, Washington Prime Group, The Bank of New York Mellon, The Middleby, TD Ameritrade Holding, and Bloomin' Brands — New
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of DXC Technology Company. (NYSE:DXC), Washington Prime Group Inc....
Jun 26, 2018 08:30 am ET
BNY Mellon Launches FX Options
NEW YORK, June 26, 2018 /PRNewswire/ -- BNY Mellon is now live with foreign exchange options, enabling clients to better hedge currency exposure and express their views on the future direction of FX markets1.  ...
Jun 26, 2018 08:00 am ET
Alcentra Expands U.S. Direct Lending Team
LONDON and NEW YORK, June 26, 2018 /PRNewswire/ -- Alcentra Limited and Alcentra NY, LLC (collectively "Alcentra"), an alternative fixed income specialist for BNY Mellon Investment Management (IM), today announced the expansion of its U.S. Direct Lending team with the appointments of Suhail A. Shaikh and Peter M. Glaser as Managing Directors and Co-Heads of U.S. Direct Lending.  Both Suhail and Peter will report to Vijay Rajguru, Global Co-Chief Investment Officer.  ...
Jun 20, 2018 04:16 pm ET
BNY Mellon to Host Second Quarter 2018 Earnings Conference Call on Thursday, July 19
NEW YORK, June 20, 2018 /PRNewswire/ -- Charles W. Scharf, Chairman and Chief Executive Officer, and Michael P. Santomassimo, Chief Financial Officer, will host a conference call and simultaneous live audio webcast at 8 a.m. EDT on Thursday, July 19, 2018, following the release of BNY Mellon's second quarter 2018 financial results at approximately 6:30 a.m. EDT that day. This conference call and audio webcast will include forward-looking statements and may include other material information....
Jun 19, 2018 04:16 pm ET
BNY Mellon Names Eric Boughner Chairman of BNY Mellon Pennsylvania
NEW YORK, June 19, 2018 /PRNewswire/ -- BNY Mellon announced today the appointment of Eric Boughner as Chairman of BNY Mellon Pennsylvania, effective July 11, 2018. Mr. Boughner is currently Global Head of Business Development & Relationship Management for BNY Mellon's Treasury Services business. Ian Stewart, current Chairman of BNY Mellon Pennsylvania, is leaving the company. As Chairman, Mr. Boughner will engage with the local employees and business community and will continue to strengthen our community partnerships within the Pittsburgh area....
Jun 19, 2018 04:16 pm ET
BNY Mellon Names Paul Camp Chief Executive Officer, Treasury Services
NEW YORK, June 19, 2018 /PRNewswire/ -- BNY Mellon announced today that Paul Camp will join the company as Chief Executive Officer, Treasury Services, effective August 20, 2018. Mr. Camp will report to Todd Gibbons, Chief Executive Officer, Clearing, Markets and Client Management, and be based in New York. ...
Jun 13, 2018 12:00 pm ET
BNY Mellon Wealth Management Names Chuck Long As A Regional President Of Los Angeles
LOS ANGELES, June 13, 2018 /PRNewswire/ -- BNY Mellon Wealth Management has named Chuck Long as Regional President in Los Angeles, CA. Long will report to President of U.S. Markets Southwest Shannon Kennedy....
Jun 07, 2018 09:30 am ET
Mutual Fund Inflows Increase Significantly in 2018: BNY Mellon's Pershing
ORLANDO, Fla., June 7, 2018 /PRNewswire/ -- According to the Pershing Asset Flows Barometer, launched today by BNY Mellon's Pershing (Pershing), net inflows to mutual funds on the Pershing platform reached $8 billion in the first quarter of 2018, a 68 percent increase compared to the same period in 2017, pointing to a renewed interest among financial professionals in mutual funds. ...
Jun 06, 2018 04:16 pm ET
BNY Mellon to Speak at the 2018 Morgan Stanley Financial Services Conference on June 13
NEW YORK, June 6, 2018 /PRNewswire/ -- Michael P. Santomassimo, Chief Financial Officer of BNY Mellon, and Mitchell E. Harris, Chief Executive Officer of BNY Mellon Investment Management, will be speaking at the 2018 Morgan Stanley Financial Services Conference in New York at 7:40 a.m. EDT on Wednesday, June 13. The discussions may include forward-looking statements and other material information. ...
Jun 06, 2018 11:30 am ET
RIA Assets on BNY Mellon's Pershing Platform Cross the $600B Mark
ORLANDO, Fla., June 6, 2018 /PRNewswire/ -- BNY Mellon's Pershing (Pershing) announced today that fiduciary assets under custody on the Pershing platform have reached $615 billion as of March 31, 2018, an 11 percent increase over the trailing 12 months....
Jun 06, 2018 10:00 am ET
BNY Mellon's Pershing Says Technology Solutions Must Deliver the Best Client Experience Across the Wealth Management Landscape
ORLANDO, Fla., June 6, 2018 /PRNewswire/ -- At INSITE 2018, BNY Mellon's Pershing (Pershing) called on attendees to rethink how they leverage technology and streamline the investor experience to combat increased competition from both rival firms and tech upstarts. Pershing's Chief Information Officer Ram Nagappan urged advisors to avoid falling into the common misconception that only younger generations are interested in tech-powered wealth management solutions....
Jun 04, 2018 08:00 am ET
Institutional Investors are Increasingly Turning to Outsourced Chief Investment Officers (OCIOs) to Streamline Operations and Gain Access to New Asset Classes, According to BNY Mellon Report
NEW YORK, June 4, 2018 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, today announced a new research study, conducted in association with Greenwich Associates, that found institutional investors are depending more on outsourced Chief Investment Officers (OCIOs) to manage the increasing complexity of their portfolios and gain access to new asset classes. Additionally, a growing number of large and small institutions report they are finding it more challenging to maintain the talent, technology and resources to optimize their investment process an...
May 29, 2018 10:00 am ET
Four Reasons Why Wealth Transfer Fails and How Advisors Can Help
JERSEY CITY, N.J., May  29, 2018 /PRNewswire/ -- According to a new white paper, "Parent Trap: Avoiding Common Multigenerational Wealth Planning Pitfalls," released today by BNY Mellon's Pershing, 60 percent of family fortunes are squandered due to a lack of communication and trust, while only 3 percent disappear due to poor wealth planning1. This statistic underscores the important role advisors play, particularly when working with high-net-worth (HNW) clients....
May 24, 2018 08:00 am ET
BNY Mellon First Bank to Offer Request for Payment Messaging Capabilities on The Clearing House's Real-Time Payments Network
NEW YORK, May 24, 2018 /PRNewswire/ -- BNY Mellon announced today that it has released Request for Payment messaging capabilities on The Clearing House's (TCH) Real-Time Payments (RTP) network. The network allows consumers and businesses to send and receive funds and messages in real time, 24/7/365, directly from their bank accounts. The new messaging capabilities will be available to all BNY Mellon corporate and financial institution clients. ...
May 23, 2018 04:16 pm ET
BNY Mellon to Speak at the 2018 Deutsche Bank Annual Global Financial Services Conference on May 30
NEW YORK, May 23, 2018 /PRNewswire/ -- Thomas P. Gibbons, Vice Chairman and Chief Executive Officer of BNY Mellon Clearing, Markets and Client Management, and Michael Santomassimo, Chief Financial Officer of BNY Mellon, will be speaking at the 2018 Deutsche Bank Annual Global Financial Services Conference in New York at 10:35 a.m. EDT on Wednesday, May 30. The discussions may include forward-looking statements and other material information....
May 22, 2018 10:00 am ET
BNY Mellon's Pershing Advisor Solutions Selected as Custodial Partner by Newly Launched Dakota Wealth Management
JERSEY CITY, N.J., May 22, 2018 /PRNewswire/ -- BNY Mellon's Pershing Advisor Solutions has been selected as one of the custody partners for Peter Raimondi's newly launched investment management firm, Dakota Wealth Management. Pershing Advisor Solutions has powered Dakota advisors transition to the new firm platform. Pershing was selected based on its expertise in providing custody and practice management solutions to some of the nation's largest registered investment advisors (RIAs), as well as its unique set of private banking and bank and brokerage custody solutions....
May 17, 2018 09:00 am ET
BNY Mellon Wealth Management Names Stephen A. Colella as Wealth Director in Boston, Massachusetts
BOSTON, May 17, 2018 /PRNewswire/ -- BNY Mellon Wealth Management has named Stephen A. Colella as a Wealth Director in Boston, MA. Colella will report to Managing Director, Pamela Murray and will be responsible for growing revenue while working closely across the wealth management team to increase knowledge of the BNY Mellon Wealth Management offering in New England....
May 14, 2018 08:00 am ET
BNY Mellon and Texas Treasury Safekeeping Trust Company to Exchange Ownership Stakes in Amherst Capital for Minority Interest in Amherst Holdings
NEW YORK and AUSTIN, Texas, May 14, 2018 /PRNewswire/ -- BNY Mellon Investment Management ("BNY Mellon"), and Amherst Holdings, LLC ("Amherst Holdings"), today announced an agreement through which BNY Mellon will exchange its majority equity interest in Amherst Capital Management LLC ("Amherst Capital"), an investment manager specializing in U.S. real estate, for a minority equity stake in Amherst Holdings. Concurrently, Texas Treasury Safekeeping Trust Company ("TTSTC"), a founding seed investor[1] in Amherst Capital, will swap its current economic interest in Amherst Capital for an interes...
May 10, 2018 07:45 am ET
Recent Analysis Shows Amkor Technology, Nielsen Holdings Plc, Dean Foods, Citizens Financial Group, The Bank of New York Mellon, and Zimmer Biomet Market Influences — Renewed Outlook, Key Drivers of G
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Amkor Technology, Inc. (NASDAQ:AMKR), Nielsen Holdings Plc (NYSE:NLSN),...
May 09, 2018 10:00 am ET
BNY Mellon's Pershing Adds Capital First Trust Company to Its Trust Network
JERSEY CITY, N.J., May 9, 2018 /PRNewswire/ -- BNY Mellon's Pershing (Pershing) announced today that it has added Capital First Trust Company (Capital First) to its Trust Network. Capital First focuses on special needs trusts—an area of growing interest for Pershing clients. This latest addition brings the total number of providers in the Pershing Trust Network to seven....
May 08, 2018 11:17 am ET
BNY Mellon Renews Presenting Sponsorship with Head Of The Charles Regatta® Through 2022
CAMBRIDGE, Mass., May 8, 2018 /PRNewswire/ -- The Head Of The Charles Regatta today announced that it has renewed its partnership with BNY Mellon, extending the investment management leader's role as Presenting Sponsor and Official Investment & Wealth Management Sponsor for five years. ...
May 08, 2018 08:00 am ET
Endowment Plans Beat First Dip in Plan Sponsor Returns Since 3Q 2016, according to BNY Mellon U.S. Master Trust Universe/Asset Strategy View®
NEW YORK, May 8, 2018 /PRNewswire/ -- The BNY Mellon U.S. Master Trust Universe returned a median -0.39% for the first quarter of this year, the first negative result in ten quarters for the fund-level tracking service. ...
May 07, 2018 12:00 am ET
BNY Mellon Names Veteran Engineer Nitin Chandel to Lead BNY Mellon Technology, India
NEW YORK, May 7, 2018 /PRNewswire/ -- BNY Mellon, a leader in Investment Services and Investment Management, today announced it has named Nitin Chandel as Head of BNY Mellon Technology, India. Mr. Chandel will report to Bridget Engle, Senior Executive Vice President and Chief Information Officer of BNY Mellon, and will be based in Pune, India....
May 03, 2018 02:17 pm ET
INSITE 2018 Announces Its Conference Agenda; Convenes Leading Experts, Thinkers and Business Leaders
JERSEY CITY, N.J., May 3, 2018 /PRNewswire/ -- BNY Mellon's Pershing is pleased to announce the agenda and the main themes of its 20th annual INSITE conference, taking place Wednesday, June 6, through Friday, June 8, at the Hyatt Regency Orlando in Florida....
May 02, 2018 10:14 am ET
Alcentra Announces the Final Closure of Clareant Structured Credit Opportunity Fund III
LONDON and NEW YORK, May 2, 2018 /PRNewswire/ -- Alcentra NY, LLC and Alcentra Limited (together "Alcentra"), the alternative fixed income specialists for BNY Mellon Investment Management (IM), announced the final close of Clareant Structured Credit Opportunities Fund III ("the Fund") at $513 million, as compared to a fundraising target of $300 million.  This fundraising brings assets under management for Alcentra's structured credit platform to over $4.5 billion across a combination of open and closed end funds and separately managed accounts, and firm AUM to $37.4 billion[1]....
Apr 24, 2018 08:38 am ET
BNY Mellon Joins TruSight as Key Investor and Client to Transform Third-Party Risk Management
TruSight, Created By Leading Financial Industry Participants, is an Innovative Industry Initiative To Combine Best Practices, Standardize Processes and Deliver Comprehensive Third-Party Risk Assessment Services...
Apr 24, 2018 08:38 am ET
BNY Mellon Joins TruSight as Key Investor and Client to Transform Third-Party Risk Management
TruSight, Created By Leading Financial Industry Participants, is an Innovative Industry Initiative To Combine Best Practices, Standardize Processes and Deliver Comprehensive Third-Party Risk Assessment Services...
Apr 24, 2018 08:30 am ET
Eagle Investment Systems to Deliver Cloud Data Management Solution for Global Investment Managers Powered by Microsoft Azure
BOSTON, April 24, 2018 /PRNewswire/ -- Eagle Investment Systems LLC, a BNY Mellon company and leading provider of financial services technology, announced today that it is collaborating with Microsoft to create a new cloud-based data management platform. Offered through Microsoft Azure, Eagle will work to develop a multi-tenant solution, leveraging 25 years of experience providing data management solutions to global investment institutions, with $24 trillion in assets currently managed on Eagle. The relationship with Microsoft will also build upon Eagle's secure private cloud, Eagle ACCESSSM...
Apr 23, 2018 08:00 am ET
BNY Mellon Appoints Data Automation Veteran Hood Qaim-Maqami to Senior Technology Post
NEW YORK, April 23, 2018 /PRNewswire/ -- BNY Mellon, a leader in Investment Services and Investment Management, today announced it has named Hood Qaim-Maqami as head of Client Service Delivery (CSD) Technology and Shared/Corporate Services Technology. Qaim-Maqami will report to Bridget Engle, Senior Executive Vice President and Chief Information Officer, and will be based in New York....
Apr 19, 2018 06:30 am ET
BNY Mellon Declares Dividends on its Common and Preferred Stock
NEW YORK, April 19, 2018 /PRNewswire/ -- The Bank of New York Mellon Corporation today announced that its Board of Directors authorized dividends on its common and preferred stock as follows:...
Apr 19, 2018 06:30 am ET
Apr 18, 2018 04:06 pm ET
A.M. Best Affirms Credit Ratings of BNY Trade Insurance, Ltd. and The Hamilton Insurance Corp.
A.M. Best has affirmed the Financial Strength Ratings of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” of BNY Trade Insurance, Ltd. (BNY Trade) (Hamilton, Bermuda) and The Hamilton Insurance Corp. (Hamilton) (Melville, NY). The outlook of these Credit Ratings (ratings) remains stable.
Apr 17, 2018 08:00 am ET
BNY Mellon Asset Strategy View® Finds Larger Endowments and Foundations that Invest in Alternative Investments Outperform Smaller Institutions Focused on Traditional Equity, Fixed Income
NEW YORK, April 17, 2018 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, today announced new findings from its Asset Strategy View®, a solution that leverages proprietary aggregated client data to generate market intelligence about institutional investor allocation behavior. The report shows that endowments and foundations (E&Fs), small and large, benefited from relatively large exposures to a buoyant U.S. equity market, with a (14.57%) one-year average return for all E&Fs. However larger E&Fs that invested more heavily in alternative...
Apr 16, 2018 11:07 am ET
BNY Mellon's Pershing Launches New Retirement Plan Oversight Tool
JERSEY CITY, N.J., April 16, 2018 /PRNewswire/ -- BNY Mellon's Pershing today announced the launch of a new solution to help firms and plan advisors achieve greater consistency and efficiency in how they service retirement plans. The Retirement Plan Oversight Tool underscores Pershing's continued focus on bolstering its retirement plan offerings....
Apr 11, 2018 04:29 pm ET
Steven D. Black Elected to BNY Mellon Board of Directors
NEW YORK, April 11, 2018 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, announced that its shareholders elected Steven D. Black as a Director at its 2018 Annual Meeting of Stockholders on Tuesday, April 10, 2018, effective immediately. With the addition of Mr. Black, BNY Mellon's Board will have 12 directors, 11 of whom are independent. Mr. Black will join the Human Resources and Compensation Committee and the Corporate Governance, Nominating and Social Responsibility Committee of BNY Mellon's Board of Directors....
Apr 10, 2018 10:59 am ET
Elite Advisory Firms Not Feeling the Pressure to Reduce Fees: New Poll by BNY Mellon's Pershing Advisor Solutions
JERSEY CITY, N.J., April 10, 2018 /PRNewswire/ -- Some of the nation's largest financial advisory firms are realizing a competitive edge by bringing new and value-added services, such as tax planning, alternative investments and private banking solutions, to investors, according to an online poll of attendees at this year's Elite Advisor Summit held by BNY Mellon's Pershing Advisor Solutions....
Apr 09, 2018 02:36 pm ET
BNY Mellon's Lockwood Issues First Quarter Investment Insights
KING OF PRUSSIA, Pa., April 9, 2018 /PRNewswire/ -- BNY Mellon's Lockwood Advisors, Inc. (Lockwood) today issued its first quarter Investment Insights, highlighting key trends to watch for the rest of the year. ...
Mar 28, 2018 04:16 pm ET
BNY Mellon to Host First Quarter 2018 Earnings Conference Call on Thursday, April 19
NEW YORK, March 28, 2018 /PRNewswire/ -- Charles W. Scharf, Chairman and Chief Executive Officer, and Michael P. Santomassimo, Chief Financial Officer, will host a conference call and simultaneous live audio webcast at 8 a.m. EDT on Thursday, April 19, 2018, following the release of BNY Mellon's first quarter 2018 financial results at approximately 6:30 a.m. EDT that day. This conference call and audio webcast will include forward-looking statements and may include other material information....
Mar 28, 2018 08:00 am ET
BNY Mellon Strengthens Technology Leadership with Addition of Two Seasoned Veterans
NEW YORK, March 28, 2018 /PRNewswire/ -- BNY Mellon, a leader in investment services and investment management, has named Nancy Reyda as Chief Operating Officer, Technology, and Joseph Sieczkowski, Head of Technology Architecture and Data. These appointments were announced by Bridget Engle, Senior Executive Vice President and Chief Information Officer. Both Reyda and Sieczkowski are based in New York....
Mar 27, 2018 04:16 pm ET
BNY Mellon to Webcast Annual Meeting of Stockholders on April 10
NEW YORK, March 27, 2018 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, today announced that it will provide a live webcast of its annual meeting of stockholders on Tuesday, April 10, 2018. This webcast may include forward-looking statements and other material information. ...
Mar 14, 2018 12:00 pm ET
BNY Mellon Investment Management Adds Bond Fund With Seven-Year Track Record To Distribution Platform
NEW YORK, March 14, 2018 /PRNewswire/ -- BNY Mellon Investment Management has added the BNY Mellon Insight Core Plus Fund (the "Fund"), an actively-managed multi-sector bond strategy which seeks to deliver attractive risk-adjusted performance over an investment cycle and in various market conditions. The Fund is sub-advised by Insight Investment, a leading global asset manager and part of BNY Mellon's multi boutique structure. Insight is responsible for $791bn in assets under management, of which $164.3bn is in global fixed income1....
Mar 02, 2018 07:00 am ET
Closing the Gender Gap in Women's Access to Financial Products and Services Could Unlock $330 Billion in Annual Global Revenue
NEW YORK, March 2, 2018 /PRNewswire/ -- Closing the gender gap in women's access to financial products and services could unlock $330 billion in global annual revenue, according to a new report released today from BNY Mellon and the United Nations Foundation. Increased market opportunities for financial services firms, along with greater financial inclusion and empowerment for women, are additional key outputs from narrowing this gap....
Mar 01, 2018 07:00 am ET
BNY Mellon Expands Role of Distribution Intelligence and Workflow Solutions Suite
NEW YORK, March 1, 2018 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, today announced the expanded role of its Intermediary Analytics solutions suite, formerly Albridge Analytics, in supporting asset managers and broker-dealers globally. The integration of Intermediary Analytics into BNY Mellon's Asset Servicing business facilitates the creation of new and enhanced distribution solutions intended to help BNY Mellon clients improve business performance and maximize growth opportunities. ...
Feb 20, 2018 06:00 am ET
ROBO Global Robotics & Automation Index ETF (ROBO) Appoints BNY Mellon as New Custodian and Securities Lending Agent
NEW YORK, Feb. 20, 2018 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, has been appointed to provide custody and transfer agency services to ROBO Global, creator of the world's first ETF to track the global robotics, automation and artificial intelligence (RAAI) sector. ...
Feb 15, 2018 03:15 pm ET
BNY Mellon to Host Investor Day on March 8, 2018
NEW YORK, Feb. 15, 2018 /PRNewswire/ -- Charles W. Scharf, Chairman and Chief Executive Officer, along with members of the executive management team from BNY Mellon, will host an Investor Day that will be webcast beginning at 8 a.m. EST on Thursday, March 8, 2018 in New York City. The conference will provide an update on BNY Mellon's strategy, performance and outlook. The conference will include forward-looking statements and may include material information....
Feb 07, 2018 08:10 am ET
Report: Exploring Fundamental Drivers Behind Dow Chemical, Bank Of New York Mellon, New York Community, Frontier Communications, TAL Education Group, and Ekso Bionics — New Horizons, Emerging Trends,
NEW YORK, Feb. 07, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Dow Chemical Company (NYSE:DWDP), Bank Of...
Feb 07, 2018 05:58 am ET
Fourth Quarter 2017 Plan Sponsor Returns Stay Positive with Public Plans Continuing as Strongest Performers, according to BNY Mellon U.S. Master Trust Universe/Asset Strategy View®
NEW YORK, Feb. 7, 2018 /PRNewswire/ -- The BNY Mellon U.S. Master Trust Universe returned a median +3.55% for the fourth quarter of last year, marking the ninth straight quarter of positive results for the fund-level tracking service. The BNY Mellon U.S. Master Trust Universe, which consists of 614 corporate, foundation, endowment, public, Taft-Hartley, and health care plans, offers peer comparisons of performance by plan type and size.  Launched in 2016, Asset Strategy View is a separate big data service that provides detailed asset allocation, performance, and cash flow data for the majori...
Jan 29, 2018 07:00 am ET
Volante Technologies and BNY Mellon collaborate on payments technology innovation
Volante Technologies Inc., a global provider of software for the integration, processing and orchestration of payments and financial messages, announced today that it has been collaborating with BNY Mellon on creating and deploying technology to...
Jan 22, 2018 10:56 am ET
BNY Mellon to Launch FX Prime Brokerage Service
NEW YORK, Jan. 22, 2018 /PRNewswire/ -- BNY Mellon has announced plans to address the increasingly complex and capital-constrained FX market by launching a prime brokerage service for its institutional clients. The service will launch in early 2018 and allow participants to more efficiently trade, finance and margin their FX through BNY Mellon, a highly-rated counterparty that oversees more than $33.3 trillion* of assets under custody....
Jan 18, 2018 05:30 am ET
Jan 08, 2018 08:00 am ET
Alcentra Appoints Leland Hart as Head of US Loans and High Yield
LONDON, and NEW YORK, and HONG KONG, Jan. 8, 2018 /PRNewswire/ -- Alcentra, the alternative fixed income specialist for BNY Mellon Investment Management (IM), today announced the appointment of Leland Hart as Managing Director and Head of US Loans and High Yield.  He will report to Vijay Rajguru, Global Co-Chief Investment Officer....
Jan 02, 2018 01:00 pm ET
BNY Mellon Investment Management Completes Sale of CenterSquare
NEW YORK, Jan. 2, 2018 /PRNewswire/ -- BNY Mellon Investment Management, a leading global asset manager, today announced that it has completed the sale of investment boutique CenterSquare Investment Management to the private equity firm Lovell Minnick Partners and CenterSquare's management team. Originally announced on September 20, 2017, the terms of the transaction were not disclosed.  ...
Jan 02, 2018 09:32 am ET
BNY Mellon to Host Fourth Quarter 2017 Earnings Conference Call on Thursday, January 18
NEW YORK, Jan. 2, 2018 /PRNewswire/ -- Charles W. Scharf, Chairman and Chief Executive Officer, and Michael P. Santomassimo, Chief Financial Officer, along with other members of the executive management team from BNY Mellon, will host a conference call and simultaneous live audio webcast at 8 a.m. EST on Thursday, January 18, 2018, following the release of BNY Mellon's fourth quarter 2017 financial results at approximately 6:30 a.m. EST that day. This conference call and audio webcast will include forward-looking statements and may include other material information....
Dec 21, 2017 11:00 am ET
BNY Mellon Investment Management Launches Dreyfus Global Multi-Asset Income Fund
NEW YORK, Dec. 21, 2017 /PRNewswire/ -- BNY Mellon Investment Management announces the recent launch of Dreyfus Global Multi-Asset Income Fund, which began offering its shares on November 30, 2017 (the "Fund"). The Fund uses an actively managed global multi-asset strategy that focuses on income generation....
Dec 21, 2017 10:25 am ET
BNY Mellon joins IDB Invest's Trade Finance Facilitation Program
NEW YORK, Dec. 21, 2017 /PRNewswire/ -- In a signing ceremony on November 10th, 2017, BNY Mellon became a partner bank in IDB Invest's Trade Finance Facilitation Program (TFFP). The agreement covers a range of trade finance instruments, including loans and letters of credit, and will allow BNY Mellon to continue its strong growth in Latin American trade services by facilitating support to a wider range of customers and countries. ...
Dec 19, 2017 04:45 pm ET
BNY Mellon Statement on 2017 Title 1 Resolution Plan Feedback
NEW YORK, Dec. 19, 2017 /PRNewswire/ -- BNY Mellon today received feedback on its 2017 resolution plan from the Federal Deposit Insurance Corporation and the Federal Reserve acknowledging the important steps the company has taken to enhance its resolvability and facilitate its orderly resolution in bankruptcy.  The agencies noted significant progress in BNY Mellon's resolution planning and jointly decided that the 2017 plan satisfactorily addressed shortcomings previously identified.  The agencies found no deficiencies or shortcomings in BNY Mellon's 2017 plan. ...
Dec 14, 2017 11:07 am ET
Advisors: Do your high-net-worth clients' charitable contributions build a family legacy?
JERSEY CITY, N.J., Dec. 14, 2017 /PRNewswire/ -- As the charitable giving season nears its end, chances are a good number of high-net-worth investors have already finalized their decisions. The question is how much of these allocations are based on a giving strategy that reflects their family's shared purpose and philanthropic passions?...
Dec 11, 2017 07:00 am ET
BNY Mellon Boosts B2C Payments Speed for Treasury Services Clients
NEW YORK, Dec. 11, 2017 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, announced today that its Treasury Services business has launched a new service, called "BNY Mellon Tokenized PaymentsSM – now available with Zelle®". The service will allow BNY Mellon's corporate and institutional clients to accelerate the transition from paper to electronic payments....
Nov 30, 2017 08:00 am ET
BNY Mellon Investment Management Launches Multi-Asset Fund
NEW YORK, Nov. 30, 2017 /PRNewswire/ -- BNY Mellon Investment Management has launched BNY Mellon Insight Broad Opportunities Fund, a new multi-asset fund that invests across a wide range of asset classes using multiple investment strategies....
Nov 29, 2017 10:58 am ET
BNY Mellon to Speak at the 2017 Goldman Sachs U.S. Financial Services Conference on December 5
NEW YORK, Nov. 29, 2017 /PRNewswire/ -- Charles W. Scharf, Chief Executive Officer of BNY Mellon, and Thomas P. Gibbons, Vice Chairman and Chief Financial Officer of BNY Mellon, will be speaking at the 2017 Goldman Sachs U.S. Financial Services Conference in New York at 9 a.m. EST on Tuesday, December 5. The discussions may include forward-looking statements and other material information....