Is BNY a subsidiary of a larger company?

No. BNY is the master brand of The Bank of New York Mellon Corporation, which is the top-level parent. The brand replaced the BNY Mellon public identity in June 2024.

When was BNY founded?

The institution was founded in 1784 as the Bank of New York. The BNY brand name was adopted in 2024; the Mellon half of the lineage dates to 1869.

Alexander Hamilton founded the Bank of New York in 1784. Thomas Mellon founded the Pittsburgh banking house in 1869 that became Mellon Financial. The two merged in 2007.

What is BNY's market position?

BNY is the world's largest custodian bank, with $59.3 trillion in assets under custody and/or administration and $2.2 trillion in assets under management as of year-end 2025.

Finance & Fintech

Who Owns BNY?

Q: Is BNY publicly traded?

The brand is not separately listed, but its parent trades on the NYSE under ticker BK. The Bank of New York's shares were the first traded on the NYSE in 1792.

Q: What other brands does BNY's parent own?

The parent operates Pershing, BNY Investments (including Newton and Insight Investment), BNY Wealth, and the CIBC Mellon joint venture in Canada.

BNY is the master brand of The Bank of New York Mellon Corporation (NYSE: BK), a publicly traded American financial services company headquartered in New York, New York. The brand was adopted in June 2024 when the company retired the BNY Mellon name. The institution behind it was founded in 1784 by Alexander Hamilton and is the world's largest custodian bank.

Parent Company

The Bank of New York Mellon Corporation

Founded

1784

Status

Publicly Traded

Headquarters

New York, New York, USA

GlobalOfficial Website

Who Owns BNY?

Parent Company: The Bank of New York Mellon Corporation
Ownership Type: Brand division
Company Type: Publicly Traded
Stock Ticker: NYSE: BK

Brand	Parent Company	Ownership Type
BNY	The Bank of New York Mellon Corporation	Brand division

History of BNY

Founded: 1784
Founders: Alexander Hamilton

The brand's lineage is the oldest in American banking. Alexander Hamilton founded the Bank of New York in 1784, and in 1792 its shares were the first traded under the Buttonwood Agreement that became the New York Stock Exchange. The bank served as fiscal agent to the young federal government and spent two centuries as a conservative commercial and trust bank.

The Mellon lineage began in 1869, when Thomas Mellon founded T. Mellon and Sons' Bank in Pittsburgh. Under his sons Andrew and Richard Mellon, the bank financed Alcoa, Gulf Oil, and Westinghouse, and Andrew Mellon served as Treasury Secretary. Mellon Financial built an asset management empire, acquiring Dreyfus in 1994 and Pershing in 2003.

Bank of New York and Mellon Financial merged in 2007 in a deal valued at approximately $16.5 billion, forming the world's largest custodian. The merged company carried the BNY Mellon name for 17 years.

In June 2024 the company shortened its public identity to BNY, folding client-facing businesses under BNY Investments, BNY Wealth, and Pershing X. The rebrand was a deliberate simplification: three client-facing names were consolidated under a single BNY umbrella, and the Mellon name moved to the legal corporate identity only. The rebrand coincided with a strong run of results: FY2025 produced record revenue of $20.1 billion, record net income of $5.3 billion, a 35% pre-tax margin, and a 26% return on tangible common equity. The shorter name also gives the company a cleaner identity in digital channels, where the full Bank of New York Mellon name was unwieldy. The change was more than cosmetic: it signaled that the bank's identity had consolidated around the institutional services platform rather than the legacy wealth brand.

About The Bank of New York Mellon Corporation

What does BNY own?

BNY owns the Pershing clearing business, the BNY Investments boutique group including Newton and Insight Investment, BNY Wealth, and a 50% stake in the CIBC Mellon joint venture. Its $59.3 trillion custody book holds clients' assets but is not owned by BNY.

Is BNY publicly traded?

Yes. The Bank of New York Mellon Corporation trades on the New York Stock Exchange under the ticker BK. Bank of New York was the first company listed on the NYSE in 1792.

Who founded BNY?

Alexander Hamilton founded the Bank of New York in 1784. The Mellon lineage traces to Thomas Mellon, who founded a Pittsburgh bank in 1869. The two institutions merged in 2007.

Where is BNY headquartered?

BNY is headquartered in New York, New York, USA, at 240 Greenwich Street in Lower Manhattan.

How many brands does BNY own?

BNY operates a small set of client-facing brands: the BNY master brand, Pershing, BNY Investments and its specialist boutiques, BNY Wealth, and the CIBC Mellon joint venture in Canada.