Bank of New York Mellon Corp at Goldman Sachs US Financial Services Conference Transcript

Dec 07, 2022 / 06:00PM GMT
Alexander Blostein - Goldman Sachs Group, Inc., Research Division - Lead Capital Markets Analyst

Thanks, everyone, for joining us. I would like to welcome Emily Portney, CFO of BNY Mellon; and Roman Regelman, CEO of Securities Services and Digital. BNY Mellon is the largest and most diversified bank among the custody bank peers. In addition to having $42 trillion in assets under custody and $1.8 trillion in assets under management, the firm also serves as one of the largest service providers to the wealth management industry through Pershing, runs a meaningful payments network and operates the largest clearance and collateral management business in the market.

With Roman and Emily here, we'll zone in on how the firm is positioned to drive revenue and profitability in Asset Servicing, the firm's largest business, as well how the bank is navigating, obviously, thereâs choppy macro factors. Thank you both for being here. Looking forward to this conversation as always.

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Alexander Blostein - Goldman Sachs Group, Inc., Research Division - Lead
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