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MarketScreener Homepage  >  Equities  >  Nyse  >  Bank of New York Mellon Corporation (The)    BK

BANK OF NEW YORK MELLON CORPORATION (THE

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Bank of New York Mellon : BNY Mellon Steps Up Commitment to Becoming a Driving Force in Singapore's Digita...

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10/31/2019 | 06:07pm EST
October 31, 2019
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BNY Mellon Steps Up Commitment to Becoming a Driving Force in Singapore's Digital and Fintech Ecosystem

SINGAPORE, Nov. 1, 2019/PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, is reaffirming its commitment to being a leader in Singapore'svibrant and emerging fintech and innovative technology environment. The company, which established a Singaporepresence in 1974, has continued to grow its influence in the region - including the opening of its Singapore Innovation Center in 2016. BNY Mellon is today announcing a number of new initiatives to further embed BNY Mellon into the fabric of Singapore'sdigital and financial ecosystem.

'Singaporehas continued to cement its position as a global hub of innovation in financial services due to the leadership of the Monetary Authority of Singapore(MAS). We are excited to deepen our relationships with MAS and other financial leaders to drive innovation and collaboration. Given our role of providing infrastructure for the world's financial markets, our early adoption of emerging technologies and partnerships with fintechs and other ecosystem participants, we can help strengthen and contribute to the dialogue influencing the evolution of the financial sector,' said Roman Regelman, BNY Mellon Head of Digital.

1. ASEANFinancial Innovation Network (AFIN): BNY Mellon has joined AFIN, which was established in 2018 to facilitate innovation and cooperation between financial institutions and fintechs in an effort to digitally transform the banking and financial sectors across southeast Asiato ultimately drive financial inclusion. BNY Mellon will be an advisor to the board through representation on the Strategic Advisory Council (SAC). Hans Brown, Global Head of Innovation, will represent BNY Mellon on the SAC.

'I am delighted that BNY Mellon has joined AFIN's Strategic Advisory Council. BNY Mellon has been active in Singaporeand has strong engagements in Asiadriving digital initiatives. BNY Mellon will provide advice and support to the Board of AFIN, including the sharing of knowledge and expertise as an industry participant and direct user of APIX,' said Sopnendu Mohanty, Chief Fintech Officer of the MAS.

2. Singapore FinTech Festival: BNY Mellon will have a robust presence at the Singapore FinTech Festival (SFF), from 11 to 15 November 2019.

  • Roman Regelmanwill participate on a panel discussion on digital transformation on 11 November.
  • Hans Brownwill join the panel 'CEO Perspectives on Financial Services Innovation' on 12 November.
  • Innovation Lab Crawl: As part of the festival, BNY Mellon will host a tour of its Singapore Innovation Center on 14 and 15 November from 10 a.m.- 12 p.m.Visitors will participate in panel discussions on 'The Power of Diversity & Inclusion in Innovation.' BNY Mellon will also showcase innovation stories and offer the opportunity to network with user Experience/User Interface (UX/UI) and AI/Machine Learning experts and to experience interactive augmented reality content from BNY Mellon's art collection.

In addition to participating in SFF, BNY Mellon's Executive Committee will be in Singaporeto host a number of employee and client activities, reaffirming the company's commitment to building its presence in the region.

About BNY Mellon
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries. As of Sept. 30, 2019, BNY Mellon had $35.8 trillionin assets under custody and/or administration, and $1.9 trillionin assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

Media Contacts:

Sai Man
+852 2840 6632
sai.man@bnymellon.com

Roy Chew
+65 6372 6974
roy.k.chew@bnymellon.com

Disclaimer

The Bank of New York Mellon Corporation published this content on 31 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2019 23:06:04 UTC

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Financials (USD)
Sales 2019 15 732 M
EBIT 2019 5 012 M
Net income 2019 4 133 M
Debt 2019 32 794 M
Yield 2019 2,39%
P/E ratio 2019 11,3x
P/E ratio 2020 11,7x
EV / Sales2019 4,97x
EV / Sales2020 4,95x
Capitalization 45 437 M
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Mean consensus HOLD
Number of Analysts 23
Average target price 49,48  $
Last Close Price 49,27  $
Spread / Highest target 15,7%
Spread / Average Target 0,42%
Spread / Lowest Target -10,7%
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NameTitle
Thomas P. Gibbons Chief Executive Officer & Director
Joseph J. Echevarria Non-Executive Chairman
Lester J. Owens Head-Operations & Senior Executive VP
Michael Santomassimo Chief Financial Officer
Bridget E. Engle Chief Information Officer & Senior Executive VP
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