50 Tears in the UK

50 Years in the UK

Our EMEA Chairman, Michael Cole-Fontayn, reflects on how our people, client focus and innovation are shaping the future.

Michael Cole-Fontayn   |   EMEA Chairman

Q. What makes this year unique?

This year BNY Mellon is proud to celebrate our 50th anniversary in the UK, and while I wasn’t at the grand opening in October 1967, it is fascinating to look at these official photos documenting this important moment in our corporate history.

In addition, we are celebrating 30 years for our Pershing Limited business, 15 years in Wexford, Ireland and 10 years in Poole, as well as our 233rd anniversary globally. So it is a year of many milestone anniversaries in the EMEA region.

Q. What are you most proud of?

There is so much to be proud of, starting with our incredible people, their client focus and their resilience. They are committed to fostering a work environment that appreciates and celebrates our differences.

Over the past 50 years, our UK employees have remained dedicated to helping clients achieve their goals.

BNY Mellon provides investment management and investment services to a wide range of clients including asset managers, banks, broker-dealers, family offices, corporates, sovereign institutions, insurance companies and pension funds.

It is very rewarding to see so many of our client relationships develop into long-term strategic partnerships, collaborating closely with clients as they evolve their business goals and models.

Our EMEA Innovation Centre in London is helping us to drive collaboration with clients, industry experts, regulators and fintechs. And I’m proud of how we’re using NEXENSM, our digital investment platform through which we are leading the digital transformation of BNY Mellon and the services we provide to our clients.

Q. How will Brexit affect BNY Mellon and our clients?

BNY Mellon prides itself on the strength of our client relationships, and on the level of support and guidance we provide. The full implications and impacts of ‘Brexit’ will be determined by the negotiations between the UK and the European Union, but even at this early stage there is much that businesses can do in order to be as prepared as possible.

While our three bank business model puts us in a favourable position in our industry, we have nonetheless undertaken contingency planning so that we can address any requirements resulting from Brexit and continue to grow our partnerships with our clients in years to come.

The fact that we are proactively engaging with clients, and are doing all we can to support them through this time of uncertainty, underlines our commitment to being a trusted partner and to improving lives through investing.

Q. What do you think about our founder, Alexander Hamilton?

Alexander Hamilton was a visionary. Every time I travel in the US and see Hamilton on a ten dollar bill, I’m reminded how he created the US financial system and laid the foundation for a modern economy.

Hamilton founded The Bank of New York, now BNY Mellon, in 1784 and became the first Secretary of the Treasury of the United States in 1789.

He achieved many firsts and his pioneering spirit endures throughout our organisation today as our employees around the globe collaborate and innovate to help clients meet their goals.

Q. How does BNY Mellon in the UK support its local communities?

In the UK we have a number of long-term charitable partnerships in which we have invested, not only through corporate grants but also through employee paid volunteer time, matched giving and matched fundraising programmes.

Last year, 1,500 UK employees volunteered more than 7,500 hours and, together with corporate grants and matching, raised over $890,000 USD for local charities.

We are committed to empowering individuals, institutions and communities around the world, especially in the areas of economic empowerment, technology and digital capabilities.

As we look into the future, we will continue to focus on investing in our people, our clients, innovation and our local communities, helping to improve lives and supporting our clients.

We look forward to celebrating many more anniversaries in the future.