Bank New York Mellon Corp Stock Price, News & Analysis

BNY Mellon is enhancing its Treasury Services with digital solutions to meet client needs, particularly highlighted by the COVID-19 crisis. Key innovations include improved payment services through SWIFT collaborations and enhanced security features like Account Validation Services. The company is also modernizing its liquidity solutions and automating trade processes using OCR and NLP technologies. As of June 30, 2020, BNY Mellon managed $2.0 trillion in assets, emphasizing its commitment to digital transformation and operational efficiencies in a fast-paced environment.

BNY Mellon Wealth Management has appointed Matthew Santangelo as the New England Regional Head of Client Strategy and Business Development. Located in Boston, he will spearhead sales and growth initiatives in the region, reporting to Vicary Graham, President of the New England Region. Santangelo brings over 15 years of experience from Northern Trust and Merrill Lynch, focusing on ultra-high-net-worth clients. BNY Mellon currently manages $254 billion in client assets as of June 30, 2020, aiming to enhance its Wealth Management services.

BNY Mellon has launched a collaboration with GTreasury to enhance cash management and payment capabilities for clients. This integration allows clients to efficiently utilize their cash balances through GTreasury's platform, providing increased visibility across accounts and regions. The seamless link to BNY Mellon's LiquidityDirect platform enables clients to invest in a range of cash equivalent vehicles without leaving GTreasury's environment. This innovation will be offered at no extra cost, streamlining cash management workflows and maximizing returns on cash holdings.

BNY Mellon Wealth Management has appointed Heidi Simpson-Sandoval as the Institutional Senior Client Strategist in Los Angeles, effective immediately. With over 25 years of financial services experience, she will focus on institutional investors on the West Coast, providing Outsourced Chief Investment Officer (OCIO) services and investment advisory. Heidi has previously worked at Northern Trust and held senior roles at BNY Mellon. As of June 30, 2020, BNY Mellon Wealth Management managed $254 billion in client assets.

BNY Mellon has appointed Robin Vince as the new Vice Chair and CEO of Global Market Infrastructure, effective October 1, 2020. Vince will oversee Clearance and Collateral Management, Treasury Services, Markets, and Pershing businesses, reporting to Todd Gibbons, CEO of BNY Mellon. This leadership change is aimed at enhancing profitability and client service by leveraging synergies between the businesses. Vince brings extensive experience from his previous role as Chief Risk Officer at Goldman Sachs and is expected to drive growth and innovation at BNY Mellon.

BNY Mellon has launched its Automated Medical and Dental Payments Solution to transition claims payments from checks to electronic methods, enhancing processing efficiency. This solution, already utilized by NJM Insurance Group, offers features like EOB statement delivery and 1099 management, supporting BNY Mellon's goal of modernizing payment systems. With over one million providers accepting ACH or Virtual Card payments, this automated solution aims to streamline operations and improve the provider experience, ultimately leading to cost savings and better service delivery.

BNY Mellon Wealth Management has appointed Christine Calderon as a Client Strategist in Chicago, reporting to Regional President Stacie Kuhlman. With over 20 years of experience, she will focus on wealth management for high-net-worth clients. Previously an Executive Director at J.P. Morgan, Christine is well-versed in wealth preservation and growth strategies. BNY Mellon manages $254 billion in client assets as of June 30, 2020, and aims to deliver comprehensive wealth advice.

Alcentra has appointed Jonathan DeSimone as its new CEO, subject to FCA approval, following David Forbes-Nixon's decision to step down. DeSimone brings extensive experience from Bain Capital Credit, where he was a portfolio manager. He will work closely with Forbes-Nixon during the transition. Alcentra, a leader in private debt management with over US$40 billion in assets under management, aims to leverage DeSimone's expertise to enhance its investment strategies in a challenging economic environment.

BNY Mellon Wealth Management has appointed Jennifer Barnaby as a Senior Client Strategist based in Atlanta. With nearly 20 years of experience, she will focus on wealth strategy for high-net-worth clients, including family offices and executives. Barnaby previously held multiple roles in wealth management at Truist. She is licensed in FINRA Series 7 and 66 and is pursuing CFP certification. BNY Mellon Wealth Management manages $254 billion in client assets as of June 30, 2020, delivering a range of investment and planning services.