Contact: Paul Patella BNY Mellon paul.patella@bnymellon.com +1 212 635 1378 Job Description About BNY Mellon: Bring your ideas. Back to Login We see opportunities in these trends and, more broadly, we recognize opportunities to do more across our extensive suite of products and services for our clients. It should look something like this but with a different UUID: for digital assets. More recently, our expenses excluding notable items have grown by more than 5% in both 2021 and 2022 5% and 13%, respectively, on a reported basis a rate of growth we consider too high.2 We are therefore increasing our focus on expense accountability and driving meaningful operational efficiency while also focusing on profitable new business in 2023 and beyond. In the months ahead, we intend to share more about collaborations like this that bring our suite of services to communities far removed from major centers of capital, doing our part to democratize quality financial services to an increasing number of market participants. Among other external factors, deferred decisions, resulting in part from a lack of consistent execution over the past decade, have held our performance back. } A virtual assistant delivers immediate help to your shareholders when and where it is neededon screen as actions are being performed. 2023 THE BANK OF NEW YORK MELLON CORPORATION, Governments, Sovereigns & Not-For-Profits, Data and Analytics Solutions (including Eagle Products). Our transfer agency services offer a single, consistent way to do business across the global marketplace. b Adjusted measures exclude notable items. It also will expand BNY Mellon's digital offerings and core capabilities adding OCIO services, cash allocation and fair value control solutions to the existing suite of NAV solutions. BNY Mellon assesses market data to ensure a competitive compensation package for our employees. In Investment Management, our differentiated, specialist investment firms displayed resilience, and performance was solid, improving from the prior year, with about two-thirds of our top 30 strategies ranked in the top two quartiles versus peers.2 AUM flows were positive, and the business impressively navigated significant turbulence in the U.K. gilt (government securities) market. This report was commissioned by BNY Mellon, at whose request Celent // Parsing the query string "This transaction with Milestone is the latest demonstration of BNY Mellon's commitment to support clients across the investment lifecycle and provide clients with open and flexible digital solutions that enable them to optimize, scale and grow their businesses," said Roman Regelman, BNY Mellon's CEO of Asset Servicing and Head of Digital. We have customized our asset servicing offerings to meet the distinct needs. 5Ranking based on latest available peer group company filings. Tomorrow, as we continue our innovation Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Additional information is available on www.bnymellon.com. Today, we see real potential to materially improve the companys operating model and drive profitable growth. The Bank of New York Mellon Corporation ('BNY Mellon') today announced a new suite of oversight and contingent Net Asset Value (NAV) calculation solutions to complement its existing fund accounting capabilities for clients. How you can fill out the BNY Mellon direct deposit for pension authorization form on the web: To start the form, use the Fill camp; Sign Online button or tick the preview image of the form. Clearance and Collateral Management revenue primarily grew on the back of higher U.S. government clearance volumes, driven by continued demand for U.S. Treasury securities due to elevated volatility amid evolving monetary policy. In these uncertain times, supply chain finance and digital networks are providing clients with much-needed support. managers, asset owners and hedge funds that was conducted by Currently supporting over $17 trillion in assets, pControl solutions are driving industry innovation for asset allocators including pension funds, fiduciaries and multi-asset product providers, and are category leaders in NAV automation and fund oversight including Backup NAV capabilities. Inclusive culture BNY Mellon is rated one of the top-20 Fortune 500 companies for diversity and inclusion. Follow us on Twitter @BNYMellon or visit our newsroom athttps://www.bnymellon.com/newsroomfor the latest company news. Governments, Sovereigns & Not-For-Profits, Time for a Reset of the Crypto Opportunity, Artificial Intelligence in Finance: A Change in Direction, Financial Knowledge Graph | Data Relationships Deep Dive, Digitization in the Insurance Industry | BNY Mellon Insights, From Alternative to Mainstream: Going and Growing Digital, Artificial Intelligence in Banking: The Future Is Now. . bnymellonpension.bdigitalsuite.com is a subdomain of the bdigitalsuite.com domain name delegated below the generic top-level domain .com. Find out the answers to these, and other pressing questions, in our exclusive report with Aite-Novarica. Summary: Financial institutions Capital One and BNY Mellon are taking different approaches to their use of Google Cloud, but common themes tie the two financial institutions' approaches. They value our at-scale platform, which allows them to operate more efficiently and focus on the core competencies that drive their growth. We and our partners use cookies to Store and/or access information on a device. Known as the "bank of banks" - 97% of the world's top banks work with us as we lead and serve our customers into the new era of digital. Copyright 2023 Willis Towers Watson. Weve rationalized our data-center footprint into a limited but resilient set of state-of-the-art data centers, each hosting our global applications. traditional assets. Support for on-chain transaction monitoring, Know Your Are paper checks on their last legs? Our scale and significance place us in a privileged position, but also grant us the responsibility of helping the financial system work better for everyone. A press release from BNY Mellon noted that "BNY Mellon will collaborate closely with Pure Digital and the other banks to help establish a new front-to-back office solution for transacting digital assets. In order to protect your personal information, we automatically log you out of your account after a certain period of inactivity. From Treasury Services to Clearance and Collateral Management to Pershing, we can export our industry-leading positions and global capabilities to communities around the world through strategic alliances with other financial firms. And over the course of 2022, we meaningfully reduced the duration and improved the risk and liquidity profile of our securities portfolio while keeping over 60% of the book designated as available-for-sale, which we viewed as a more prudent approach given the environment. It will come from a combination of higher interest rates, driving profitable growth and becoming meaningfully more efficient across our operations: consolidating and integrating technology platforms, better standardizing middle-office and data offerings, digitizing engagement with clients and automating onboarding. We are focused on empowering employees to act as owners of their individual roles and shareholders of the company as a whole. a Return on tangible common equity, a non-GAAP measure, excludes goodwill and intangible assets, net of deferred tax liabilities. journey, we aim to develop an entire suite of digital asset paul.patella@bnymellon.com, 2023 THE BANK OF NEW YORK MELLON CORPORATION, Governments, Sovereigns & Not-For-Profits. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. Delivered through integrated and compatible technology, our digital solutions are designed to complement your operational and growth strategies. with the ability to quickly assess new digital assets and } 487,823 followers. In 2022, we made progress across the various initiatives that follow, and we will continue these in 2023. }, Investment Servicing & Information Management. Three years ago, we announced the Future of Collateral, an initiative to enhance our capabilities to meet the increasingly complex demands of clients. We work behind the scenes on behalf of your advisor so they can focus on providing you with advice. BNY Mellon ( NYSE:BK ), one of the oldest banks in the US, has announced it will provide custody services for digital assets. Together, we expect these actions will provide us with ample flexibility as we move through 2023 to adjust to changing market and interest rate conditions, and to return a healthy amount of capital to our shareholders this year. Pain points with their digital asset custodians that survey respondents noted: Governments, Sovereigns & Not-For-Profits, Consolidated view and management of traditional Forgot Your Password? assets, Digital Asset Custody brings it all together on one Digital Moneybox Limited. In November, eight veteran-owned broker-dealers participated in an offering of senior bank notes. Ill conclude where I began: BNY Mellon has a great deal of potential, and I feel privileged to be in the position to lead us toward our future opportunities. administration, Support for pure crypto funds with a wide range of The impact of weaker markets and a stronger U.S. dollar had a material impact on this business segment, comprising Investment Management one of the worlds largest asset managers and Wealth Management which ranks among the top 10 private banks in the United States. steve.lamarca@bnymellon.com, 2023 THE BANK OF NEW YORK MELLON CORPORATION, Governments, Sovereigns & Not-For-Profits. Leverage a market leader with comprehensive fund services Making this easier for them presents a meaningful growth opportunity on which we have yet to properly capitalize. Click to watch a brief video on benefits and enrollment. 2023 THE BANK OF NEW YORK MELLON CORPORATION. "With Digital Asset Custody, we continue our journey of trust and innovation into the evolving digital assets space, while embracing leading technology and collaborating with fintechs," said Roman Regelman, CEO of Securities Services & Digital at BNY Mellon. clients, and technology experts. Active Investor seamlessly integrates needed functionality, such as opening and maintaining accounts, e-delivery of statements and tax forms, and buying, selling and automatic investing capabilities, into your existing service model. Not only is helping more people access wealth-generating opportunities and benefit from our capabilities the right thing to do; its also a commercial endeavor. "Enabling . Innovation.Powering the future of finance. 09 February, 2023. We are proud to work with South Carolina-based Optus Bank to expand its capacity, market reach and community reinvestment opportunities with BNY Mellon products, services and infrastructure. Milestone Group provides a fresh approach to data, process and product management delivering transparency and operational agility as integrated capabilities across key investment and operational functions. Depositary Receipts ranking as of December 31, 2022. Conduent Collaborates with BNY Mellon to Launch New Digital Hub that Expands Access to Faster, Easier and Secure Payments New digital platform brings together Zelle and the latest. And its how we help our clients outpace the competition. BNY Mellon Bellevue Corporate Center 103 and 301 Bellevue Parkway Wilmington, DE 19809, United States +1 800 441 9800 View on Map BNY Mellon Trust of Delaware 301 Bellevue Parkway Suite 19A-0307 Wilmington, DE 19809, United States +1 302 791 3600 View on Map District of Columbia Washington, DC BNY Mellon Wealth Management Wealth Management Office c Consists of AUC/A, primarily from the Asset Servicing line of business and, to a lesser extent, the Clearance and Collateral Management, Issuer Services, Pershing and Wealth Management lines of business. needs. Like other large institutions, we have certain legacy processes and redundant systems overdue for a refresh. The bank hired digital asset tech firms Fireblocks and Chainalysis to help develop multi-asset platform. We remain focused on advancing our capabilities and seeking opportunities to partner with industry leaders such as Milestone to enrich and broaden the solutions available to our clients., We are delighted to partner with BNY Mellon to deliver enhanced oversight and contingent NAV capabilities to the investment management industry, said Geoff Hodge, Executive Chairman of Milestone Group. Additional information is available on www.milestonegroup.com. Here youll find the latest news from the Trustees of The Bank of New York Pension Plan, providing you with tips and up-to-date news on your retirement savings. If CIBC Mellonadministers your pension payments on behalf of an employer, you may contact us at 1-800-565-0479 between 8:30 a.m. User ID Support Forgot My User ID / Forgot My Password Register (First-time user) Need help? We were fortunate to work with joint lead bookrunners Loop Capital, Ramirez & Co. and Siebert Williams Shank all clients that also happen to be minority-owned investment firms on a bond issuance in the second quarter of 2022. "We gain both industry-leading technology as well as the expertise that Milestone is known for globally. Peer group included in ranking analysis: State Street, JPMorgan Chase, Citigroup, BNP Paribas, HSBC, As of June 30, 2022, BNY Mellon had $43.0 trillion in assets under custody and/or administration, and $1.9 trillion in assets under management. Since joining the firm, Ive met with hundreds of clients and thousands of employees around the world to understand how they perceive our challenges and opportunities. paul.patella@bnymellon.com // On page load, check the playvideo parameter value var container = $(".menu-box"); Our Securities Services segment includes our Asset Servicing, Corporate Trust and Depositary Receipts businesses. 11Based on company filings and The Cerulli Report, 2022. NEW YORK, Oct. 11, 2022- BNY Mellon today announced that its Digital Asset Custody platform is live in the U.S. With select clients now able to hold and transfer bitcoin and ether, this milestone reinforces BNY Mellon's commitment to support client demand for a trusted provider of both traditional and digital asset servicing. Here are some of the key questions on my mind as we consider the future: We recognize a need to better connect the dots for our clients around the world, so they can leverage the combined strength and interconnectedness of our platform to focus on alpha generation. reshaping the financial ecosystem and highlights the infrastructure BNY Mellons new NAV offerings, which are platform and provider agnostic, set a new industry standard for clients with three key features: Clients will benefit from enhanced controls and more efficient NAV reviews, while ensuring contingent NAV production across all asset classes in a single-provider or multiple-provider operating model. The Bank of New York Mellon Corporation. Church Pension Group (CPG) is a financial firm located in Midtown Manhattan. Uplifting historically underserved communities and finding opportunities for collaboration with specialized market players benefits the long-term health of our company and the broader society around us. Login to your pension account User ID: Password: Login Forgotten your User ID or Password? Theres a productivity problem in the wealth advisory industry, presenting a growth opportunity for firms that can solve it. 7Finadium market analysis as of fourth quarter 2022. We touch around 20% of the worlds investable assets and hold many industry-leading positions across our broader set of complementary businesses. The Ginnie Mae Guar- . BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Transaction (KYT) and Know Your VASP (KYV) processes. Find out the answers to these, and other pressing questions, in our exclusive report with Aite-Novarica. the next two to five years. This is a testament to our ability to execute on a tight timeline. A recent surveysponsored by BNY Mellon highlights already significant institutional demand for a resilient, scalable financial infrastructure built to accommodate both traditional and digital assets. The sharp move upward in interest rates this past year impacted our ability to return capital through common stock buybacks, but we ended 2022 in a position of capital and liquidity strength.
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