and digital assets. Revenues were up 11% in 2022, reflecting the benefit from higher interest rates as well as healthy underlying growth. Delivered through integrated and compatible technology, our digital solutions are designed to complement your operational and growth strategies. We are proud of the reputation we have built at Milestone over the last two decades and the industry innovation we've delivered for asset managers, fund administrators and asset allocators including pension funds, life companies, fiduciaries and multi-asset product providers," said Geoff Hodge, Executive Chairman of Milestone Group. 5h Edited. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Bank of New York Mellon Corporation Pension Plan is a single-employer corporate pension plan based in Pittsburgh, Pennsylvania. The AdvisorCentral portal provides a simple and intuitive way for financial advisors and their staff to access their clients consolidated mutual fund account information. NEW YORK, Jan. 14, 2020 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. We are focused on empowering employees to act as owners of their individual roles and shareholders of the company as a whole. https://bnymellonpension.bdigitalsuite.com. The Bank of New York Mellon Corporation Skip to Main Content Skip to Footer The Bank of New York Mellon Corporation Session Timeout. In these uncertain times, supply chain finance and digital networks are providing clients with much-needed support. | PROD master. Description. BNY Mellon Fraud Hub digitizes fraud prevention capabilities using artificial intelligence (AI) and other advanced technologies, so we can speed up our response to fraud attemptsand in turn help our transfer agency clients digitize more of their own account processes. Pension Benefit Services | BNY Mellon CIBC Mellon provides specialized services to specific industry segments. Business Banking From our existing Digital Asset Fund Services to our new Digital Asset Custody And its how we help our clients outpace the competition. Are cryptocurrency payments more than a passing fad? of requirements for the stable, reliable servicing of the entire solutions. Additional information is available onwww.bnymellon.com. Celent. 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. console.log ("enter script"); 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. Enter username and password to access your secure Voya Financial account for retirement, insurance and investments. In these uncertain times, supply chain finance and digital networks are providing clients with much-needed support. According to Howard University, to date, recipients saw an average 15% increase in retention and an average four-year graduation rate of 78%, a 32% increase compared with students who did not receive these funds. assets, which is comparable to the one that exists for of the Top 100 investment managers worldwide, of the Top 50 U.S. life/health insurance companies. Includes the AUC/A of CIBC Mellon Global Securities Services Company (CIBC Mellon), a joint venture with the Canadian Imperial Bank of Commerce, Steve LaMarca "We have made great progress collaborating with BNY Mellon to deliver best-in-class solutions, and the synergies we will be able to achieve together to provide new and exciting solutions to the industry is a thrilling opportunity.". Posted 8:20:33 AM. Don't have an account yet? ET and 6 p.m. plans to adopt digital assets. Supporting Grayscale Bitcoin Trust with fund accounting and BNY Mellon (NYSE: BK), the world's largest custodian bank with some $41 trillion in assets in its safekeeping, is moving into crypto. Excludes assets managed outside of the Investment and Wealth Management business segment. With Wealth Online, you have the option to receive statements electronically. These expanded BNY Mellon capabilities leverage its recent alliance with institutional investment solutions provider Milestone Group (Milestone) and their digital investment platform pControl. BNY Mellon ( NYSE:BK ), one of the oldest banks in the US, has announced it will provide custody services for digital assets. operational and security needs of digital assets. 2023 THE BANK OF NEW YORK MELLON CORPORATION. Kevin's passion lies in investing in the success of others. 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. }); We also took a closer look at annual compensation to commensurately reward the people who consistently deliver commercial success, while ensuring the appropriate shape of our workforce for the road ahead. BNY Mellon 2019 - 2020 1 year Responsible for managing the largest global investment manager clients across custody, fund administration, middle office, transfer agency, securities lending and . Peer group included in ranking analysis: State Street, JPMorgan Chase, Citigroup, BNP Paribas, HSBC, menus.find('span').removeClass('red'); // add red border With $48 trillion in data assets, we have access to one of the worlds most expansive data sets.1 Each day, we track trading activity for around $15 trillion in global equity assets and $30 trillion in fixed-income securities. 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. The Bank of New York Mellon Corporation. These new services are subject to relevant regulatory approvals. See Supplemental information: Explanation of GAAP and non-GAAP financial measuresfor a reconciliation. ET Monday to Friday or at any time using our secure Retiree Assistance Online Inquirywebpage. 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. Clients trust Milestone Group to consistently deliver innovative and dynamic solutions backed by deep industry expertise. 2023 THE BANK OF NEW YORK MELLON CORPORATION, Governments, Sovereigns & Not-For-Profits, "Supplemental Information: Explanation of GAAP and non-GAAP financial measures", "Supplemental Information: Explanation of GAAP and non-GAAP financial measures, Supplemental Information: Explanation of GAAP and non-GAAP financial measures", Supplemental information: Explanation of GAAP and non-GAAP financial measures. Making this easier for them presents a meaningful growth opportunity on which we have yet to properly capitalize. While BNY Mellon has a robust set of procedures and defense reporting to help prevent fraud, automation through technology is essential. BNY Mellons data repository and analytics suite gives you access to your critical investor services information. } else { Pain points with their digital asset custodians that survey respondents noted: Governments, Sovereigns & Not-For-Profits, Consolidated view and management of traditional saying they plan to hold digital assets in their portfolios within 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 We went live with our Digital Asset Custody platform for select institutional clients in the United States in October 2022, the first global systemically important bank to do so. clients, and technology experts. the next two to five years. assets, Digital Asset Custody brings it all together on one Beyond formal measures, were also encouraging a culture shift to think more commercially and question the status quo, which has the additional key benefit of improving the client experience. Additionally, 41% of institutional investors hold cryptocurrency in their portfolio today, with an additional 15% planning to hold digital assets in their portfolios within the next two to five years. 1 Notable items impacting total revenue in 2022 include the net loss from repositioning the securities portfolio, the accelerated amortization of deferred costs for depositary receipts services related to Russia and net gains on disposals. Currently, artificial intelligence (AI) is being used across the financial sector, but how it is being used and the strategies that data scientists and computational linguists in financial institutions employ are starting to change. Our engaged team of more than 1,700 professionals deliver an array of asset servicing solutions for our clients, built with the technology and market reach of BNY Mellon and the local strength of CIBC. All users must register to set a new User ID and Password. It enables you to quickly produce custom reports that can help you broaden your servicing and distribution capabilities and facilitate more effective decision making and customer service delivery. DECEMBER 2022 Time for a Reset of the Crypto Opportunity CEO Robin Vince advocates for a smart regulatory framework to unite the traditional and digital asset systems. integrates with BNY Mellon systems. Established in 1972, the defined benefit plan provides retirement and pension benefits to the employees of Bank of New York Mellon, an American multinational banking and financial services corporation. Celents alone. Recognizing that more work remains for us as a management team, I believe we are on solid footing to begin our next chapter. Click to watch a brief video on benefits and enrollment. 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. +1 212 635 1378, 2023 THE BANK OF NEW YORK MELLON CORPORATION, Governments, Sovereigns & Not-For-Profits, Bolstered resiliency and transparency packaged in a seamless digital experience, Access to a leading platform and an array of digital solutions; all supported by experienced leadership and BNY Mellon's established reputation as a long-standing trusted provider, The flexibility to choose from existing and new end-to-end solutions that add operating model choices, strategic product capabilities and industry connectivity. Recognizing opportunities to digitize and automate, we launched an initiative in 2022 through which we solicited more than 1,500 ideas from those who see items ripe for improvement most clearly and closely our people. In this segment, pre-tax income improved by 10%, and pre-tax margin remained a healthy 44%. Traffic is routed over 2 IPv4 addresses. We aim to offer end-to-end servicing capabilities for NEW YORK, Jan. 14, 2020 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. T he Bank of New York Mellon ( BK) has signed a deal to acquire Milestone Group, a fund and investment automation services company. Use this step-by-step guideline to fill out the BNY Mellon direct deposit for pension authorization form promptly and with perfect accuracy. At the Intersection of Trust and Innovation Today, our Digital Asset Custody platform bridges digital and traditional assets. Milestone Groups innovative pControl SmartSourcing cloud delivery model provides intelligent and more flexible blended operating model choices. Despite a difficult environment for the wealth market, Pershing brought in net new assets of over $120 billion, reflecting healthy 5% growth. // Parsing the query string Tomorrow, as we continue our innovation Overwhelmingly, institutional investors are looking for Governments, Sovereigns & Not-For-Profits, Back-Office Processes Become Front-Office Magic, Five Digital Technologies for Fighting Fraud, Easy access to your funds recordkeeping data using a browser-based, end-user reporting tool, Schedule reports to run automatically at regular intervals, Display reports in a variety of chart formats (bar, line, pie), Apply predefined calculations, including sum, average, and percentage, as well as custom formulas, Export reports to PDF, Excel, or CSV formats, Transfer Agency APIs include services such as account application, cost basis reporting (CBR), payment instruction, transactions and trade history, Subaccounting APIs include services such as account management, contingent deferred sales charge (CDSC) and transactions. Changing investor behavior, todays competitive and volatile markets, and the explosion of available data for consumption are posing challenges for asset managers. Through 1BNY Mellon, our focus is on training and incentivizing our people to collaborate across the firm and developing deliberate approaches to multiproduct solutions. Following investments in state-of-the-art technology, our collateral platform is more resilient, supports harmonization, and helps clients to optimize, mobilize, and connect collateral around the world. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. Designed to streamline practice management, Active Advisor will replace AdvisorCentral to deliver an entirely new user experience focused on simple and user-intuitive action steps, streamlined navigation and more robust capabilities.