Welcome to our dedicated page for Bank New York Mellon news (Ticker: BK), a resource for investors and traders seeking the latest updates and insights on Bank New York Mellon stock.
The Bank of New York Mellon Corporation reports news as BNY, a global financial services platforms company serving capital markets through custody, administration, investment services and asset management. Company updates commonly cover quarterly results, financial supplements, common and preferred stock dividends, and corporate-brand or listed-security matters tied to its NYSE-traded securities.
BNY-related news also includes activity across its investment management platform, including fund adviser communications and dividend announcements for BNY Mellon-branded investment products. These updates reflect the company's role in servicing financial assets, supporting institutional clients and managing investment strategies across major asset classes.
BNY Mellon Wealth Management appointed Huma Mohiuddin as market president in Pittsburgh. With over two decades of experience, she has held several key positions within the firm since joining in 2015. Previously, she worked at J.P. Morgan and other financial institutions. Mohiuddin's role will focus on executing the Active Wealth framework for clients in the Pittsburgh metro area. BNY Mellon manages $307 billion in client assets and operates globally, with $45.3 trillion in assets under custody as of September 30, 2021.
BNY Mellon and SNB Capital announced a significant collaboration to enhance data management solutions in Saudi Arabia, aimed at creating a robust capital markets ecosystem. The partnership will integrate BNY Mellon's award-winning data platform within SNB Capital's IT infrastructure, addressing local data-localization requirements. This strategic move supports Saudi Arabia's Vision 2030 goals and aims to provide institutional clients with a unified solution for managing local and global assets. The collaboration aligns with ongoing efforts to attract global investors and enhance market infrastructure.
BNY Mellon Wealth Management appointed David Heck as senior client strategist, focusing on ultra-high-net-worth clients and family offices. Heck previously directed philanthropy at WHYY and held leadership roles in various organizations. His extensive fundraising experience spans political and non-profit sectors. With $307 billion in client assets as of September 30, 2021, BNY Mellon emphasizes wealth advice across investments, banking, and estate planning, further enhanced by Heck's deep community roots in Philadelphia.
BNY Mellon Investment Management has launched three new actively managed sustainable ETFs: BNY Mellon Sustainable US Equity ETF (BKUS), BNY Mellon Sustainable International Equity ETF (BKIS), and BNY Mellon Sustainable Global Emerging Markets ETF (BKES), all listed on the NYSE on December 15, 2021. These ETFs aim to provide long-term growth while focusing on sustainable business practices. The funds are sub-advised by Newton Investment Management and mark BNY Mellon's expansion in the active ETF market, which now includes eight actively managed ETFs in total for 2021.
On December 13, 2021, the Board of Directors of BNY Mellon (NYSE: BK) appointed Sandie O'Connor as an independent director, expanding the board to 13 members, 12 of whom are independent. CEO Todd Gibbons expressed enthusiasm about O'Connor’s extensive expertise in risk management and financial regulation, which is expected to benefit the board significantly. O'Connor previously served as Chief Regulatory Affairs Officer at JPMorgan Chase and has held various leadership roles in the financial sector. She currently sits on multiple boards and advisory committees, enhancing her profile within the industry.
BNY Mellon Investment Management has launched the BNY Mellon Concentrated International ETF (BKCI) on December 8, 2021. This actively managed ETF, sub-advised by Walter Scott, targets 25 to 30 high-quality international growth stocks for long-term investment. The launch aims to provide a tax-efficient investment solution in the international equity market. It underscores BNY Mellon's ongoing expansion in the ETF space, following the introduction of the BNY Mellon Ultra-Short Income ETF (BKUI) earlier this year. BNY Mellon has $2.3 trillion in assets under management as of September 30, 2021.
Summary not available.
On December 7, 2021, the Board of Trustees of BNY Mellon High Yield Strategies Fund (DHF) declared a monthly cash dividend of $0.0185 per share, payable on January 6, 2022. Shareholders of record on December 21, 2021 will receive this dividend, with an ex-dividend date of December 20, 2021. This dividend remains unchanged from the previous month. BNY Mellon Investment Management oversees the fund, which is part of a large asset management firm managing $2.3 trillion as of September 30, 2021.
Summary not available.
Summary not available.