The Bank of New York Company, Inc. and Mellon Financial Corporation have completed their merger to form The Bank of New York Mellon Corporation.
The new company trades on the New York Stock Exchange under the symbol “BK.”
The company ranks as one of the largest global asset managers with more than $1 trillion in assets under management, and is the world’s leading asset servicer with more than $18 trillion in assets under custody and administration.
“Today we are establishing a global financial services growth company without peer,” says Robert P. Kelly, CEO of the company. “We have leadership positions across a range of high-growth businesses, unmatched product breadth, and the ability to accelerate our global expansion through strategic investments. With exceptional service and performance as the hallmarks of the new company, we will foster a culture that rewards winning through relentless client focus, teamwork and execution.”
In addition to asset management and securities servicing, the company is the leading provider of corporate trust, depositary receipts, clearing and shareowner services. It ranks as a top 10 U.S. wealth manager with more than $160 billion in client assets and is a leading U.S. cash management and global payments provider.
“The Bank of New York Mellon is positioned to provide superior service and value to our clients and deliver faster growth to our shareholders,” says Thomas A. Renyi, executive chairman of the company. “We have closed the merger on target and are now ready to execute a disciplined, thoughtful integration of our capabilities to meet the current and future demands of our clients.”