Bank of New York Mellon Corp

Bank of New York Mellon (BNY) is primarily a financial infrastructure and services company, not a traditional bank. It earns fees by holding and administering assets on behalf of institutional clients — pension funds, sovereign wealth funds, asset managers, and corporations — acting as custodian for $59.3 trillion in assets. It also runs a sizeable asset management business with $2.2 trillion under management. Revenue comes mainly from custody and administration fees, fund services, clearing, and asset management fees. Individual investors are a minor part of the business; the core customer is large institutions that need a trusted third party to safeguard, settle, and service their investments across global markets.