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BNY Mellon announces the results of its second quarter earnings. Access the conference call webcast and earnings press release.
Charles W. Scharf has been appointed Chief Executive Officer and a Director of the company, effective immediately, and will become Chairman of the Board of Directors effective January 1, 2018. Gerald L. Hassell will continue to serve as Chairman of the Board through December 31, 2017, working closely with Mr. Scharf to ensure a seamless transition of responsibilities.
BNY Mellon's Pershing launched its new no-transaction-fee (NTF) exchange-traded fund (ETF) platform: FundVest® ETF. The NTF platform requires no purchase minimums or holding period, and will be available to all Pershing clients.