BNY Mellon Strategic Municipal Bond Fund Inc at RBC Capital Markets Financial Institutions Conference (Virtual) Transcript
Good afternoon, everyone. Thank you for joining us in our fireside chat with Bank of New York Mellon Corporation. As many of you know, Bank of New York Mellon is the eighth largest commercial bank in the United States. It's one of our largest custody banks with $49 trillion in assets under custody of the company. It has a market cap that is approximately $41 billion. It moves around with the volatility of bank stock prices as we all know. And it trades just above book value about 10% premium and currently has a dividend of about 2.7%.
So, joining us today from Bank of New York is Akash Shah, and he is Senior Vice President and Chief Growth Officer. Akash has joined the Bank of New York back in 2018, and he was previously with McKinsey & company, advising a leading financial institutions. Akash, thank you for joining us this year.
Thank you so much for having me, I appreciate it.
You are very welcome.
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