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    Bank of New York Mellon Corp (BK)

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    The Bank of New York Mellon Corporation (BNY Mellon) is a global financial services company that provides a range of services across three principal business segments: Securities Services, Market and Wealth Services, and Investment and Wealth Management. BNY Mellon offers custody, fund accounting, administration, clearing, payment, investment strategies, and wealth planning services to its clients . The company is known for its high-margin businesses, particularly within the Market and Wealth Services segment, which includes Treasury Services and Pershing .

    1. Securities Services - Provides custody, fund accounting, and administration services through Asset Servicing and Issuer Services.
    2. Market and Wealth Services - Offers clearing, custody, and payment services, including Pershing, Treasury Services, and Clearance and Collateral Management.
    3. Investment and Wealth Management - Delivers investment strategies and wealth planning services through Investment Management and Wealth Management.
    NamePositionExternal RolesShort Bio

    Adam Vos

    Executive

    Global Head of Markets

    N/A

    Adam Vos is the Global Head of Markets at BNY Mellon.

    Akash Shah

    Executive

    Senior Executive Vice President and Chief Growth Officer

    N/A

    Akash Shah joined BNY Mellon in July 2018 and has been instrumental in driving growth initiatives.

    Alejandro Perez

    Executive

    Chief Administrative Officer and Interim Chief People Officer

    N/A

    Alejandro Perez is currently serving in dual roles at BNY Mellon.

    Bridget E. Engle

    Executive

    Senior Executive Vice President, Chief Information Officer, and Global Head of Engineering

    N/A

    Bridget E. Engle joined BNY Mellon in 2017 and has led significant technology and operational strategies.

    Catherine M. Keating

    Executive

    Senior Executive Vice President and Global Head of Wealth Management

    N/A

    Catherine Keating is set to retire on April 30, 2025, and has led Wealth Management at BNY Mellon.

    Cathinka Wahlstrom

    Executive

    Chief Commercial Officer

    N/A

    Cathinka Wahlstrom joined BNY Mellon in May 2023 as the first Chief Commercial Officer, focusing on client management and sales.

    Dermot McDonogh

    Executive

    Chief Financial Officer

    N/A

    Dermot McDonogh has been CFO since February 2023, with a background at Goldman Sachs.

    Emily Portney

    Executive

    Global Head of Asset Servicing

    N/A

    Emily Portney joined BNY Mellon in October 2018 and has led the Asset Servicing business.

    Hani A. Kablawi

    Executive

    Senior Executive Vice President and Chairman of International

    N/A

    Hani A. Kablawi oversees BNY Mellon's international operations, focusing on global expansion.

    J. Kevin McCarthy

    Executive

    Senior Executive Vice President and General Counsel

    N/A

    J. Kevin McCarthy has been with BNY Mellon since April 2014, overseeing the company's legal affairs.

    James (Jim) T. Crowley

    Executive

    Global Head of Pershing

    N/A

    Jim Crowley leads Pershing, a key business unit within BNY Mellon, contributing significantly to the company's revenues.

    Jayee Koffey

    Executive

    Senior Executive Vice President, Global Head of Enterprise Execution, and Chief Corporate Affairs Officer

    N/A

    Jayee Koffey joined BNY Mellon in August 2022 and oversees enterprise execution and corporate affairs.

    Jennifer Barker

    Executive

    Global Head of Treasury Services

    N/A

    Jennifer Barker leads the Treasury Services division, focusing on innovation in real-time payment services.

    Joseph Pizzuto

    Executive

    Chief Auditor

    N/A

    Joseph Pizzuto is the Chief Auditor at BNY Mellon.

    Kurtis R. Kurimsky

    Executive

    Corporate Controller and Principal Accounting Officer

    N/A

    Kurtis R. Kurimsky has been with BNY Mellon since July 2015 as Corporate Controller.

    Leigh-Ann Russell

    Executive

    Chief Information Officer and Global Head of Engineering

    Fellow of the Royal Academy of Engineering

    Leigh-Ann Russell joined BNY Mellon on September 15, 2024, bringing a strong engineering mindset to the organization.

    Rajashree Datta

    Executive

    Deputy Chief Risk Officer

    N/A

    Rajash

    Robin Vince

    Executive

    President and CEO

    National Geographic Society’s Hubbard Council, Board of Trustees of The Hospital for Special Surgery, Board of the Perelman Performing Arts Center (PAC NYC)

    Robin Vince joined BNY Mellon in October 2020 and became CEO in September 2022. He previously held leadership roles at Goldman Sachs.

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    Senthil Kumar

    Executive

    Senior Executive Vice President and Chief Risk Officer

    N/A

    Senthil Kumar is the Chief Risk Officer, with a focus on risk frameworks and regulatory enhancements.

    Alfred W. Zollar

    Board

    Independent Director

    Executive Advisor at Siris Capital Group, Board Member of IBM and Nasdaq, Inc.

    Alfred W. Zollar has been an Independent Director since 2019 and has a background in technology and private equity.

    Elizabeth E. Robinson

    Board

    Independent Director

    Independent Director at The Travelers Companies, Inc., Non-Executive Chair of BNY Mellon Government Securities Services Corp

    Elizabeth E. Robinson has been an Independent Director since 2016 and has experience in finance and risk management.

    Jeffrey A. Goldstein

    Board

    Independent Director

    Senior Advisor and Member of the Investment Committee at Canapi Ventures, Advisor Emeritus at Hellman & Friedman LLC, Board Member at FIS and Capitolis, Inc.

    Jeffrey A. Goldstein has been an Independent Director since 2014 and has extensive experience in finance and risk management.

    Joseph J. Echevarria

    Board

    Independent Chair of the Board

    Board Member of Pfizer Inc. and Unum Group, Trustee and CEO of the University of Miami, CEO of the University of Miami Health System

    Joseph J. Echevarria has been an independent director since 2015 and Chair since September 2019. He is a retired CEO of Deloitte LLP.

    K. Guru Gowrappan

    Board

    Independent Director

    Board Member of Biliti Electric Inc. and water.org

    K. Guru Gowrappan joined BK in 2021 and has a background in media and technology leadership.

    Linda Z. Cook

    Board

    Independent Director

    CEO and Board Member of Harbour Energy plc, Senior Advisor to EIG Global Energy Partners, Chair of Maverick Natural Resources LLC

    Linda Z. Cook has been an Independent Director since 2016 and is involved in international business operations and energy sectors.

    M. Amy Gilliland

    Board

    Independent Director

    President of General Dynamics Information Technology, Board Member of Northern Virginia Technology Council and Economic Club of Washington

    M. Amy Gilliland joined BK in 2021 and has expertise in IT and cybersecurity.

    Ralph Izzo

    Board

    Independent Director

    Board Member of CMS Energy Corporation and Ovintiv Inc., Member of various advisory boards and councils

    Ralph Izzo has been an Independent Director since 2020 and contributes expertise in strategic planning and public policy.

    Sandra E. O’Connor

    Board

    Independent Director

    Board Member of Terex Corporation and Ripple, Chair of the Board of YMCA of Greater NY and BNY Mellon Government Securities Services Corp

    Sandra E. O’Connor joined BK in 2021 and has a background in regulatory affairs and treasury services.

    Rakefet Russak-Aminoach

    Director Nominee

    Managing Partner at Team8, Chair of Hailo Technologies, Board Member of several companies

    Rakefet Russak-Aminoach is a director nominee with a background in banking and venture capital.

    1. Can you provide specific metrics on how your increased investment in AI has translated into tangible improvements in efficiency or revenue growth, and how do you measure the return on this investment within your platform strategy?
    2. Given the decline in the number of sponsored depository receipt programs, what is your strategy to address this trend, and how do you plan to mitigate its potential impact on your revenues from this business segment?
    3. With the acquisition of Archer to enhance your managed account solutions, how will you ensure that the integration positively impacts multiple lines of business as expected, and what challenges do you foresee in achieving the anticipated synergies?
    4. Considering your commitment to return 100% plus of net earnings to shareholders through buybacks and dividends, how do you balance this capital return with the need to invest in growth initiatives, especially in an unfavorable market backdrop that could affect ROE resiliency?
    5. Your strong EPS growth has been partly attributed to favorable market conditions; can you provide more transparency on underlying client growth metrics such as new client acquisitions, revenue per client, or cross-selling success to demonstrate the sustainability of your performance?
    Program DetailsProgram 1Program 2
    Approval DateJanuary 2023 April 2024
    End Date/DurationNot stated Not stated
    Total additional amount$5.0 billion $6.0 billion
    Remaining authorizationN/A$6.082 billion
    DetailsN/AN/A
    NameStart DateEnd DateReason for Change
    KPMG LLP2007 PresentCurrent auditor

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    Archer Holdco, LLC

    2024

    Acquired by BNY Mellon; the definitive agreement was announced on September 5, 2024, and the deal closed on November 1, 2024. Although the financial terms were not disclosed, the acquisition brings a fully integrated, cloud-based platform and comprehensive middle- and back-office solutions to enhance BNY's managed account ecosystem, expanding distribution and streamlining operations.

    Milestone Group Pty Ltd.

    2021

    Completed on October 1, 2021, this acquisition integrated a business solutions provider for the funds industry into BNY Mellon's Securities Services segment. It was strategically aimed at enhancing the Asset Servicing space with NAV contingency solutions.

    Optimal Asset Management

    2021

    Completed on December 23, 2021, this acquisition brought patented software for direct indexing into BNY Mellon's Pershing X initiative. The move strategically enhanced the firm's wealth advisory and Investment Management offerings by integrating advanced technology and additional engineering resources to support customized investment solutions.

    Recent press releases and 8-K filings for BK.

    BNY Mellon Q1 2025 Financial & Dividend Highlights
    BK
    Earnings
    Guidance Update
    Revenue Acceleration/Inflection
    Dividends
    • Strong Q1 2025 performance: Reported EPS of $1.58 (26% growth) and Revenue of $4.8B with a 6% YoY increase .
    • Operating excellence: Achieved a pre-tax operating margin of 32% with expenses rising only 2% YoY, supported by positive operating leverage .
    • Dividend announcements: Declared a common dividend of $0.47 per share (payable May 2, 2025, record date: April 21, 2025) and preferred stock dividends of $1,311.33, $925.00, $937.50, and $1,640.00 (payable June 20, 2025, record date: June 5, 2025) .
    • Shareholder returns: Returned $1.1 billion to shareholders through dividends and share repurchases .
    • Strategic transformation: Over half of employees transitioned to a new platform-oriented model, spurring a 40% increase in clients using multiple lines of business over two years .
    • Full-year guidance: Outlook includes mid-single-digit NII growth, 1%-2% expense growth (excluding notable items), and an effective tax rate in the 22%-23% range, emphasizing balance sheet strength amidst macro uncertainties .
    • Global footprint: Managed $53.1 trillion in assets under custody/administration and $2.0 trillion in assets under management as of March 31, 2025 .
    Apr 11, 2025, 3:01 PM
    Bank of New York Mellon Announces Series K Preferred Stock Issuance
    BK
    Convertible Preferred Issuance
    • Series K Noncumulative Perpetual Preferred Stock issuance announced with a liquidation preference of $100,000 per share and specific dividend restrictions as detailed in the Certificate of Designations .
    • A public offering of 20,000,000 depositary shares, each representing a 1/4,000th interest in a share of the Series K Preferred Stock, is being executed through a Deposit Agreement with Computershare and underwritten by top financial institutions including Morgan Stanley and UBS .
    • Key exhibits filed include the Underwriting Agreement, Certificate of Designations, and Deposit Agreement, which outline the terms and conditions of the preferred stock issuance .
    Mar 14, 2025, 12:00 AM
    BNY Mellon Announces Series J Preferred Stock Issuance
    BK
    Convertible Preferred Issuance
    • Issuance Overview: BNY Mellon has initiated the issuance of Series J Noncumulative Perpetual Preferred Stock with a liquidation preference of $100,000 per share and a par value of $0.01 per share.
    • Public Offering Details: The firm is undertaking a public offering of 500,000 depositary shares (each representing a 1/100th interest in a preferred share) under an underwriting agreement with major financial institutions.
    Mar 10, 2025, 12:00 AM