May 18, 2021 / 04:00PM GMT
Jason Michael Goldberg - Barclays Bank PLC, Research Division - MD & Senior Equity Analyst
Hi. This is Jason Goldberg, and I cover the U.S. large-cap bank stocks here at Barclays. Thanking, tuning in for another presentation of our Annual Americas Select Franchise Conference.
Next up, very pleased to have BNY Mellon with us. Now I've been getting a lot of questions around its investment manager operations, given its new leadership, recent restructuring announcement, and as the industry landscape continues to evolve. I also got a lot of increase on its balance sheet, given what we're seeing on the deposit front with interest rates. As such, we're very pleased to have with us Hanneke Smits, who is the CEO of BNY Mellon Investment Management; and Scott Freidenrich, who's the Global Treasurer.
Hanneke became CEO of Investment Management on October 1st of last year, after running BK's Newton Investment Management unit for several years. With, I think, $700 million in revenues in the first quarter and asset management contributes, I think, over -- almost 1/5 of BK's total. And with over $2
Bank of New York Mellon Corp at Barclays Americas Select Franchise Virtual Conference Transcript
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