Company says Japan is key to future growth
TOKYO, July 29, 2011 — BNY Mellon's chairman and chief executive officer, Robert P. Kelly, yesterday officially opened the company's new office at Marunouchi Trust Tower Main in Tokyo in a ribbon cutting ceremony attended by employees.
"I am thrilled to be here today to celebrate the inauguration of our new and expanded facilities in Tokyo," said BNY Mellon's Kelly, speaking at the official launch yesterday evening. "The opening of our new Japanese headquarters underscores our long-term investment in the Japanese market, and on a broader scale signifies BNY Mellon's continued growth in Asia-Pacific.
"There are many areas where further collaboration between BNY Mellon and Japanese financial institutions can bring great mutual benefit. We will continue to add the best people, products and services and ensure we deliver the full breadth of our company's capabilities to support our clients in this competitive global marketplace."
The move to the state-of-the-art Marunouchi Trust Tower Main reflects BNY Mellon's growing presence and long-term commitment to the Japanese market. Spanning more than 3,800 sq m (41,625 sq ft) over two floors in the building, BNY Mellon's new Japanese headquarters provide additional space and world class facilities to accommodate the company's expanding employee base, as well as strengthen its capacity to respond to increasing demand for its products and services.
Thom Fisher, Country Executive for BNY Mellon in Japan, added: "Today's celebrations mark the beginning of an exciting new chapter for BNY Mellon in Japan. We have experienced substantial growth in the last five years - a reflection of the trust and confidence our clients throughout Japan have placed in us. I feel privileged to work with such an outstanding and dedicated team of employees."
BNY Mellon has been servicing Japanese institutions for almost 100 years and last year celebrated its 40th anniversary in Japan. The company opened its first office in Tokyo in 1970 via the Irving Trust Company (which merged with Bank of New York in 1988) and was granted a branch license in 1973. BNY Mellon provides a wide variety of products and services to Japanese institutional and wholesale marketplace including investment management, asset servicing, broker-dealer services, corporate trust, depositary receipts and global markets.
BNY Mellon is listed on the New York Stock Exchange and has a market capitalization of US$31.6 billion (30 June 2011) making it the sixth largest bank by market capitalization in the United States. The company is also one of the strongest financial institutions globally, with the highest debt ratings of all major U.S. banks as ranked by both Moody's and S&P.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $26.3 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.7 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com and through Twitter @bnymellon.