Alexander Hamilton was a natural leader. Whether he was laying the foundation for the United States finance system or drafting economic policies for the Washington administration, Hamilton’s legacy is synonymous with initiative and innovation.
In the 233 years since The Bank of New York, now BNY Mellon, was founded, we have remained inspired by Alexander Hamilton’s ability to both envision the future and put the mechanisms in place to realise his visionary thinking.
Our ledgers record how, in 1789, Hamilton went to The Bank of New York to borrow the first ever dollar loaned to the United States of America.
Today, we are leveraging distributed ledger technology such as blockchain, partnering with clients and Fintechs to explore emerging technology. Hamilton’s pioneering spirit continues to inspire us today as we innovate and define the future of finance.
Alexander Hamilton’s tenure as President George Washington’s Secretary of the Treasury helped transform the U.S. economy with the formation of the country's first national bank – known as the First Bank of the United States, just five years after he had founded The Bank of New York.
Hamilton knew that a national bank would help improve the country’s credit and give the government greater control of its finances. Establishing the national bank eventually led to the creation of the United States Mint, so coinage could be made and circulated across the country.
Hamilton was also instrumental in the Buttonwood Agreement, a treaty signed by 24 New York City brokers in 1792 that led to the foundation of the first New York Stock Exchange.
Hamilton was a key founder of all of the first five companies to be listed on the exchange, including The Bank of New York, which was the first stock traded on the Exchange.
Today, Hamilton’s presence on the U.S. 10-dollar bill is a reminder of his role as the prime architect of a financial system that endures to this day.
During the American Revolutionary War, Hamilton served as a Lieutenant Colonel and staff officer to General George Washington, the head of the Continental Army. For four years, the future President worked closely with Hamilton, entrusting him with diplomatic matters, internal negotiations and the handling of critical information.
George Washington’s mentorship honed Hamilton’s leadership skills, establishing a set of guidelines and encouraging a methodical approach which provided opportunities for Hamilton’s talent to shine.
The two men’s strengths complemented each other and ensured they had a very productive partnership.
At BNY Mellon we believe that mentoring plays a vital role in developing talent. We provide a variety of mentoring programmes, including a ”reverse-mentoring” opportunity for executives to be mentored by Millennials to enhance their understanding of modern technology practices and trends impacting today’s markets.
We also provide opportunities for employees to mentor through a number of our community partners to help support personal and professional development of individuals in our local communities.
Hamilton’s life story and quotes continue to be relevant today and his impact remains a source of inspiration, not only for BNY Mellon but also more widely beyond financial services, as recently evidenced with Lin-Manuel Miranda’s pop culture phenomenon ”Hamilton: An American Musical.”
Hamilton achieved many firsts and with his pioneering spirit as our inspiration, BNY Mellon is defining an open and connected financial marketplace that advances our mission to improve lives through investing.
Each of our Innovation Centres around the globe has a unique focus, but collectively they are driving digital transformation throughout the investment lifecycle.
With BNY Mellon NEXENSM we are redefining the future of finance with a next-generation technology platform. Hamilton’s legacy has powered our growth into a global investments company with a continuing commitment to insight and innovation.
BNY Mellon is invested in the future, as was our founder Alexander Hamilton over 230 years ago, and we are an organisation that prides itself on remaining true to his legacy and our values.
See how much you know about the man and his achievements by taking this Hamilton quiz.Take The Hamilton Quiz
During his relatively short life, Alexander Hamilton had many careers. In addition to founding The Bank of New York, now BNY Mellon.Learn more
Learn how Hamilton's pioneering spirit inspires us today as we continue to improve lives through investing.Learn More About Alexander Hamilton