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Bank of New York Mellon
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Latest analysis
Updated Aug 13, 2026
BNY elects McKinsey senior partner Vikram Malhotra to board as independent director, effective October 2026.
Bank of New York Mellon expanded its board to 12 directors with the election of Vikram Malhotra, a 40-year McKinsey veteran and senior partner since 1998, effective October 1, 2026. Malhotra's appointment adds banking and financial services strategy expertise and governance experience to the board, which will remain 11 of 12 independent. The move carries no material financial, operational, or strategic significance to BNY's core business, capital allocation, or financial guidance.
Tone: neutralRevenue
$20.1B
BK 10-K · FY 2025
Employees
48,100
Revenue FY2024
$18.6B
Founded
1784
Profile
BK 10-K Item 1 · Feb 25, 2026Bank of New York Mellon (BNY) is a global financial services platforms company providing securities services, asset servicing, clearance, collateral management, payments, and investment and wealth management. With roots dating to 1784, BNY operates across three principal business segments and serves institutional and individual clients worldwide. As of December 31, 2025, it held $59.3 trillion in assets under custody and/or administration and $2.2 trillion in assets under management.
Read filing description ↓ Collapse description ↑
The Bank of New York Mellon Corporation, a Delaware corporation (NYSE symbol: BK), is a global financial services platforms company headquartered in New York, New York, with $59.3 trillion in assets under custody and/or administration and $2.2 trillion in assets under management as of Dec. 31, 2025. With its subsidiaries, BNY has been in business since 1784. We divide our businesses into three principal business segments: Securities Services, Market and Wealth Services and Investment and Wealth Management. We also have an Other segment, which includes the corporate treasury activities (including our securities portfolio), tax credit investments and other corporate investments, corporate and bank-owned life insurance, derivatives and other trading activity, and certain business exits. Our two principal U.S. banking subsidiaries engage in trust and custody activities, investment management services, banking services and various securities-related activities. BNY SA/NV is the main banking subsidiary of The Bank of New York Mellon in continental Europe, authorized and regulated as a credit institution by the European Central Bank and the National Bank of Belgium, with its principal office in Brussels and branches across major European cities. BNY SA/NV's activities are in the Securities Services and Market and Wealth Services segments with a focus on global custody, asset servicing and collateral management.
Primary products
- Asset Servicing
- Issuer Services
- Payments and Trade
- Clearance and Collateral Management
- Pershing (clearing and custody)
- Investment Management
Business segments
End markets
Geographies
Named customers
“Our competitive position may be affected by institutions that are not similarly subject to extensive regulation, such as financial technology firms, and as further technological advances enable more companies, such as financial technology firms, to provide financial services.” Competitive position, as stated in the filing
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