BNY Mellon’s 2016 Annual Report is now available online.
In his letter to shareholders, Chairman and CEO Gerald Hassell said, “Since we shared our three-year strategic plan in October 2014, we have delivered eight quarters of solid performance against these goals despite the relative lack of industry and market catalysts. The revenue environment in 2016 remained challenging across our industry, though post the U.S. election, markets have strengthened. Our financial performance reflects the benefits of our well-diversified, lower-risk business model and our ability to manage through all environments. Our strategy is working and our aspiration to become best in class across the investment lifecycle spectrum remains intact.”
BNY Mellon’s strategic priorities, which are designed to sustain long-term growth and value creation for its clients and shareholders, are:
“Our clients drive and guide us. We are fortunate to have a client base that is the envy of the industry, including many of the world's financial leaders who help make the markets function and global economies prosper. Our clients rightly expect us to be the very best. It is an enormous responsibility that energizes us every day and that we take extremely seriously.
“Our success in incorporating new solutions for our clients’ benefit and in evolving our culture for the new marketplace has placed us at the leading edge of technological innovation. The investments we have made to digitize our company are reducing our operating costs, funding regulatory initiatives and, most importantly, strengthening the client experience and our overall value proposition. We have never been stronger and we stand ready to deliver even more value to our clients and shareholders,” Hassell continued.
To view the full annual report, click here.
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