m630
07-02-2007, 07:07 AM
Over the past 18 months, my Firm has been very active, last year we purchased JPMorgan's Corporate Trust business, which I was a Project Manager for system intergrations as I am apart of the Securities Servicing Operations, and that has been followed by today's merger with Mellon..only 5 or so years ago we were about 16,000 employees, and today we are over 40,000!!!
The Bank of New York Company, Inc. and Mellon Financial Corporation Complete Merger
Monday July 2, 6:00 am ET
Creates Global Leader in Asset Management and Securities Servicing
A Financial Services Growth Company
NEW YORK, July 2 /PRNewswire-FirstCall/ -- The Bank of New York Company, Inc. (NYSE: BK - News) and Mellon Financial Corporation (NYSE: MEL - News) announced today they have completed their merger to form The Bank of New York Mellon Corporation, creating the global leader in asset management and securities servicing. The new company trades on the New York Stock Exchange under the symbol "BK."
The company ranks as one of the largest global asset managers with more than $1 trillion in assets under management and is the world's leading asset servicer with more than $18 trillion in assets under custody and administration.
"Today we are establishing a global financial services growth company without peer," said Robert P. Kelly, chief executive officer of the company. "We have leadership positions across a range of high-growth businesses, unmatched product breadth, and the ability to accelerate our global expansion through strategic investments. With exceptional service and performance as the hallmarks of the new company, we will foster a culture that rewards winning through relentless client focus, teamwork and execution."
In addition to asset management and securities servicing, the company is the leading provider of corporate trust, depositary receipts, clearing and shareowner services. It ranks as a top 10 U.S. wealth manager with more than $160 billion in client assets and is a leading U.S. cash management and global payments provider. The company has a balanced business mix, with diversified revenues and earnings across all regions of the world and a presence in the fastest-growing segments of asset management and securities servicing.
"The Bank of New York Mellon is positioned to provide superior service and value to our clients and deliver faster growth to our shareholders," said Thomas A. Renyi, executive chairman of the company. "We have closed the merger on target and are now ready to execute a disciplined, thoughtful integration of our capabilities to meet the current and future demands of our clients."
The Bank of New York and Mellon Financial announced plans to merge in December 2006, and shareholders of each company overwhelmingly approved the transaction in May. The company has annual revenues of approximately $13 billion and pro-forma market capitalization of approximately $50 billion. The company is headquartered in New York and has 40,000 employees around the world.
The Bank of New York Mellon Corporation is a global financial services company focused on helping clients move and manage their financial assets, operating in 37 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset and wealth management, asset servicing, issuer services, and treasury services through a worldwide client-focused team. It has more than $18 trillion in assets under custody and administration and $1 trillion in assets under management, and it services more than $11 trillion in outstanding debt. Additional information is available at http://www.bnymellon.com.
The Bank of New York Company, Inc. and Mellon Financial Corporation Complete Merger
Monday July 2, 6:00 am ET
Creates Global Leader in Asset Management and Securities Servicing
A Financial Services Growth Company
NEW YORK, July 2 /PRNewswire-FirstCall/ -- The Bank of New York Company, Inc. (NYSE: BK - News) and Mellon Financial Corporation (NYSE: MEL - News) announced today they have completed their merger to form The Bank of New York Mellon Corporation, creating the global leader in asset management and securities servicing. The new company trades on the New York Stock Exchange under the symbol "BK."
The company ranks as one of the largest global asset managers with more than $1 trillion in assets under management and is the world's leading asset servicer with more than $18 trillion in assets under custody and administration.
"Today we are establishing a global financial services growth company without peer," said Robert P. Kelly, chief executive officer of the company. "We have leadership positions across a range of high-growth businesses, unmatched product breadth, and the ability to accelerate our global expansion through strategic investments. With exceptional service and performance as the hallmarks of the new company, we will foster a culture that rewards winning through relentless client focus, teamwork and execution."
In addition to asset management and securities servicing, the company is the leading provider of corporate trust, depositary receipts, clearing and shareowner services. It ranks as a top 10 U.S. wealth manager with more than $160 billion in client assets and is a leading U.S. cash management and global payments provider. The company has a balanced business mix, with diversified revenues and earnings across all regions of the world and a presence in the fastest-growing segments of asset management and securities servicing.
"The Bank of New York Mellon is positioned to provide superior service and value to our clients and deliver faster growth to our shareholders," said Thomas A. Renyi, executive chairman of the company. "We have closed the merger on target and are now ready to execute a disciplined, thoughtful integration of our capabilities to meet the current and future demands of our clients."
The Bank of New York and Mellon Financial announced plans to merge in December 2006, and shareholders of each company overwhelmingly approved the transaction in May. The company has annual revenues of approximately $13 billion and pro-forma market capitalization of approximately $50 billion. The company is headquartered in New York and has 40,000 employees around the world.
The Bank of New York Mellon Corporation is a global financial services company focused on helping clients move and manage their financial assets, operating in 37 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset and wealth management, asset servicing, issuer services, and treasury services through a worldwide client-focused team. It has more than $18 trillion in assets under custody and administration and $1 trillion in assets under management, and it services more than $11 trillion in outstanding debt. Additional information is available at http://www.bnymellon.com.