User:Heatherer/Bank of New York Mellon Operations

Operations
BNY Mellon operates in 35 countries in the Americas, Europe, the Middle East and Africa (EMEA), and Asia-Pacific. The company employs 50,300 people as of December 2014. , the group's American and global headquarters are located at 1 Wall Street, but the building was sold in 2014 and the company plans to move to Brookfield Place in 2015. The group's EMEA headquarters are located in London and its Asia-Pacific headquarters are located in Hong Kong. The company's 2014 revenue equaled $14.77 billion and it held $385.2 billion in total assets as of December 31, 2014.

Business
The Bank's primary functions are managing and servicing the investments of institutions and high-net-worth individuals. BNY Mellon's two primary businesses are Investment Services and Investment Management, which offer services for each stage of investment, from creation through to trading, holding, management, distribution and restructuring. BNY Mellon's clients include 80 percent of Fortune 500 companies. The company also serves 75 percent of the top 100 endowments, 66 percent of the top 1,000 pension funds, 50 percent of the top 200 life and health insurance companies, and 50 percent of the top 50 universities.

Investment Services
BNY Mellon's Investment Services business represents approximately 72 percent of the company's revenue and it has $28.5 trillion under its custody or administration as of 2014. The financial services offered by the business include asset servicing, alternative investment services, broker-dealer services, corporate trust services and treasury services. Other offerings include global collateral services, foreign exchange, securities lending, middle and back office outsourcing, and depository receipts.

BNY Mellon's subsidiary Pershing LLC handles securities services, including execution, settlement, and clearing. It also provides back office support to financial advisors.

In 2014, the company formed a new Markets Group, which offers collateral management, securities finance, foreign exchange and capital markets.

Investment Management
BNY Mellon's Investment Management business generates 28 percent of the company's revenue and had $1.7 billion in assets under management at the end of 2014.

The Investment Management business operates 14 asset management boutiques and is the largest multi-boutique investment manager in the world. These asset management companies include Alcentra, BNY Mellon ARX, BNY Mellon Cash Investment Strategies, The Boston Company Asset Management, EACM Advisors, Insight Investment, Mellon Capital, Meriten, Newton Investment Management, Siguler Guff, Standish, Center Square, the Dreyfus Corporation, and Walter Scott. Investment strategies offered by the boutique firms include equity, fixed income, cash, and alternative investments.

BNY Mellon's Wealth Management unit handles the private banking, estate planning, family office services, and investment servicing and management of high-net-worth individuals and families. As of 2014, it ranks 7th among wealth management businesses in the United States. Starting in 2013, the unit began expansion efforts, including opening eight new banking offices, increasing salespeople, bankers, and portfolio managers on staff, and launching an awareness campaign for wealth management services through television ads.

Leadership
BNY Mellon is led by Gerald Hassell who has been Chairman and CEO since 2011, after serving as BNY Mellon's president from 2007 to 2012 and the president of the Bank of New York Mellon from 1998 until its merger. Karen Peetz is president and has served in the position since 2013. Thomas Gibbons has been CFO since 2008 and also serves as vice chairman. BNY Mellon's Investment Management business is run by CEO Curtis Arledge, and the company's Investment Services business is led by CEO Brian Shea.

BNY Mellon is governed by a board of directors with 15 members. As of February 2015, its board members are Nick Donofrio, Joseph Echevarria, Edward P. Garden, Jeffrey A. Goldstein, Gerald L. Hassell, John M. Hinshaw, Edmund F. "Ted" Kelly, Richard J. Kogan, Michael J. Kowalski, John A. Luke, Jr., Mark Nordenberg, Catherine A. Rein, William C. Richardson, Samuel C. Scott III, and Wesley W. von Schack.

Company culture
In 2008, BNY Mellon formed a Board of Directors corporate social responsibility committee to set sustainability goals for the company. The company's corporate social responsibility activities include philanthropy, social finance in the communities the bank is located in, and protecting financial markets globally.

BNY Mellon's philanthropic activities include financial donations and volunteerism. The company matches employee volunteer hours and donations with financial contributions through its Community Partnership program. Between 2010 and 2012, the company and its employees donated approximately $100 million dollars to charity. In 2014, the company worked with the Forbes Fund to create a platform that connects nonprofit organizations with private businesses to solve social challenges.

In 2014, the company received an A rating by the CDP which measures corporate greenhouse gas emissions and disclosures. BNY Mellon was named on the Dow Jones Sustainability North America Index in 2013 and 2014, and the World Index in 2014. Another one of the company's focuses has been building efficiency. As of 2014, the company has saved $48 million due to building efficiency. Five of its buildings have achieved Leadership in Energy and Environmental Design (LEED-EB) certification and 23 have interiors that are LEED certified.

BNY Mellon also has business resource groups for employees that are focused on diversity and inclusion. In 2009, current president Karen Peetz co-founded the BNY Mellon Women’s Initiative Network (WIN), a resource group for female employees' professional development. As of 2013, WIN has 50 chapters. Other groups include PRISM for LGBT employees, IMPACT, which serves multicultural employees and HEART for employees with disabilities. BNY Mellon also has services for returning military, including a tool to help veterans align military skills and training with jobs at the company. In 2014, BNY Mellon was recognized for its diversity practices by the National Business Inclusion Consortium, which named it Financial Services Diversity Corporation of the Year.

In 2009, the company began an innovation program for employees to suggest ideas for large-scale projects and company improvement. Ideas from the initial pilot program generated approximately $165 million in pretax profit. The program results in an annual contest called "ACE" in which teams pitch their ideas.

The company operates innovation centers in Palo Alto, California; Jersey City, New Jersey; and Pune and Chennai in India. The centers focus on developing new technologies and practices for the company.

Recognition and rankings
BNY Mellon is the world's largest custody bank. It is the sixth largest investment management firm in the world and the seventh largest wealth management firm in the United States. In 2014, BNY Mellon ranked 181 on the Fortune 500 and 250 on the Financial Times Global 500. It was named one of world's 50 Safest Banks by Global Finance in 2013 and 2014,  and one of the 20 Most Valuable Banking Brands in 2014 by The Banker.

Sponsorships
Since 2012, BNY Mellon has expanded its number of sponsorships. It is the title sponsor of the Oxford and Cambridge Boat Race in London, which has been called the BNY Mellon Boat Race since 2012. The company also sponsors the Head of the Charles Regatta in Boston. In 2013, the company became a 10-year sponsor of the San Francisco 49ers and a founding partner of Levi's Stadium. The company is a regular sponsor of the Royal Academy of Arts in London.