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Skip to main contentEnable accessibility for visually impairedOpen the accessibility menu Open the Accessible Navigation Menu Insights Featured Insights Market Trends Digital & Technology Regulation & Risk Sustainability Macro Commentary Aerial View Magazine All Insights INSIGHTS THE RETAILIZATION OF PRIVATE MARKETS IN ALTERNATIVES BNY Mellon's perspective on how a historic shift in defined contribution plans and retail asset allocation is accelerating. Learn more -------------------------------------------------------------------------------- INSIGHTS THE ALTA REPORT: ANTICIPATING RATE CUTS Data-driven analysis of investors’ response to rate cuts as they cut cash and extend duration, U.S. Treasury clearing and T+1 settlement rules. Learn more Solutions BROWSE BY CATEGORY Capital Markets, Financing & Liquidity Data & Analytics Digital Assets Investment Management Securities Services Treasury Services Wealth Management -------------------------------------------------------------------------------- BROWSE BY YOUR NEEDS Alternative Asset Managers Asset Managers Banks Broker-Dealers Corporations Governments, Sovereigns & Not-For-Profits Individuals & Family Offices Insurance Companies Wealth Managers and Advisers About Us About BNY Mellon Diversity & Inclusion Sustainability & Client Solutions Technology & Innovation Newsroom Locations ABOUT US OUR CLIENTS We are proud of our client relationships, and we are stronger because of them. Read our client stories and learn about the many ways we work to make a difference in our communities and beyond. Learn more Careers Our Teams Work With Us Students Experienced Professionals Search Jobs INTERNSHIP PROGRAM An 8-10 week opportunity for undergraduate students to experience a variety of functional areas within financial services. Learn more -------------------------------------------------------------------------------- ANALYST PROGRAM A 24-month program that offers you growth, development and exposure to impactful projects across many areas of financial services. Learn more Investor Relations Client Access Contact us Investor Relations Client Access Contact us search Go arrow_forward close SUGGESTED RESULTS EU DISCLOSURES DISCLOSURES RELATING TO EUROPEAN DIRECTIVE Please refer to the below for further information regarding the following BNY Mellon Group Companies: BELGIUM The Bank of New York Mellon SA/NV, a Belgian public limited liability company and a subsidiary of The Bank of New York Mellon, is registered in Belgium with Company No. 0806.743.159 Brussels RPM-RPR, V.A.T. BE 0806.743.159 and with its registered office at Boulevard Anspachlaan 1, B-1000 Brussels, Belgium [e] CHANNEL ISLANDS BNY Mellon Investment Management (Jersey) Limited is registered in Jersey with Company Number 111860 and a registered address at 44 The Esplanade, St. Helier, JE4 9WG, Jersey The Bank of New York Mellon (CI) Limited is registered in Guernsey with Company Number 35168 and with its registered address at Regency Court, Glategny Esplanade, St Peter Port, Guernsey GY1 3DG Insight Consumer Debt Recovery GP I Limited is registered in Guernsey with a Company Number of 51878 and a registered address at Trafalgar Court Les Banques St Peter Port Guernsey GY1 3QL [k] Insight Consumer Debt Recovery GP II Limited is registered in Guernsey with a Company Number of 1660 and a registered address at Trafalgar Court Les Banques St Peter Port Guernsey GY1 3QL [k] Pershing (Channel Islands) Limited is registered in Jersey with a Company Number of 107773 and a registered address at PO Box 171, 5 St Andrew’s Place, Charing Cross, St Helier, Jersey JE4 9RB [o] ENGLAND AND WALES BNY (Nominees) Limited is registered in England and Wales with its registered office at 160 Queen Victoria Street, London, EC4V 4LA, United Kingdom, Company Number 1970854 BNY (OCS) Nominees Limited is registered in England and Wales with its registered office at 160 Queen Victoria Street, London, EC4V 4LA, United Kingdom, Company Number 3174005 BNY CLASS Nominees Limited is registered in England and Wales with its registered office at 160 Queen Victoria Street, London, EC4V 4LA, United Kingdom, Company Number 3425825 BNY Clearing Nominees Limited is registered in England and Wales with its registered office at 160 Queen Victoria Street, London, EC4V 4LA, United Kingdom, Company Number 3766760 BNY Clients EDS Nominees Limited is registered in England and Wales with its registered office at 160 Queen Victoria Street, London, EC4V 4LA, United Kingdom, Company Number 4867503 BNY Mellon Corporate Trustee Services Limited is registered in England and Wales with its registered office at BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA, United Kingdom, Company Number 2631386 and VAT No. GB 5777 181 95 BNY Firm Nominee Limited is registered in England and Wales with its registered office at 160 Queen Victoria Street, London, EC4V 4LA, United Kingdom, Company Number 3609884 BNY EDS Nominees Limited is registered in England and Wales with its registered office at 160 Queen Victoria Street, London, EC4V 4LA, United Kingdom, Company Number 4867504 BNY GIL Client Account (Nominees) Limited is registered in England and Wales with its registered office at 160 Queen Victoria Street, London, EC4V 4LA, United Kingdom, Company Number 3173847 BNY Mellon International Asset Management (Holdings) Limited is registered in England and Wales with its registered office at 160 Queen Victoria Street, London, EC4V 4LA, United Kingdom, Company Number 08260807 BNY Mellon Investments Limited is registered in England and Wales with its registered office at BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA, United Kingdom, Company Number 3162893 and VAT No. GB 5777 181 95 BNY Mellon Investment Management Europe Holdings Limited is registered in England and Wales with its registered office at 160 Queen Victoria Street, London, EC4V 4LA, United Kingdom, Company Number 08312487 BNY Mellon Investment Management (APAC) Holdings Limited is registered in England and Wales with its registered office at BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA, Company Number 4899958 and VAT No. GB 5777 181 95 BNY Mellon Investment Management APAC LP is registered in England and Wales with its registered office at BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA, United Kingdom, Company Number LP015595 BNY Mellon Investment Management Holdings (Germany) Limited is registered in England and Wales with its registered office at BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA, United Kingdom, Company Number 05640740 BNY Mellon Investment Management EMEA Limited is registered in England and Wales with its registered office at BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA, Company Number 1118580 and VAT No. GB 5777 181 95 [a] BNY Mellon Investment Management Seed Capital Limited is registered in England and Wales with its registered office at 160 Queen Victoria Street, London, EC4V 4LA, United Kingdom, Company Number 8783393 BNY Mellon Fund Managers Limited is registered in England and Wales with its registered office at BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA, Company Number 1998251 and VAT No. GB 5777 181 95 [a] BNY Mellon International Asset Management Group Limited is registered in England and Wales with its registered office at BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA, Company Number 3755033 and VAT No. GB 5777 181 95 BNY Mellon Nominees Limited is registered in England and Wales with its registered office at BNY Mellon Centre 160 Queen Victoria Street, London, EC4V 4LA, United Kingdom, Company Number 2019835 BNY Mellon Secretaries (UK) Limited is registered in England and Wales with its registered office at 160 Queen Victoria Street, London, EC4V 4LA, United Kingdom, Company Number 4115131 BNY Mellon Performance & Risk Analytics Europe Limited is registered in England and Wales with its registered office at 160 Queen Victoria Street, London, England, EC4V 4LA, United Kingdom, Company Number 01796367 BNY Mellon SV Holdings Limited is registered in England and Wales with its registered office at 160 Queen Victoria Street, London, England, EC4V 4LA, United Kingdom, Company Number 14106563 BNY Mellon Trust & Depositary (UK) Limited is registered in England and Wales with its registered office at BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA, United Kingdom, Company Number 3588038 and VAT No. GB 5777 181 95 [a] BNY MFM Nominees Limited is registered in England and Wales with its registered office at BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA, Company Number 2099151 BNY SG Nominees Limited is registered in England and Wales with its registered office at 160 Queen Victoria Street, London, EC4V 4LA, United Kingdom, Company Number 3173844 BNY Special Purpose Nominees No.2 Limited is registered in England and Wales with its registered office at 160 Queen Victoria Street, London, EC4V 4LA, United Kingdom, Company Number 806455 BNY Trust Company Limited is registered in England and Wales with its registered office at BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA, United Kingdom, Company Number 2661887 and VAT No. GB 5777 181 95 [a] BNY TY Nominees Limited is registered in England and Wales with its registered office at 160 Queen Victoria Street, London, EC4V 4LA, United Kingdom, Company Number 2737868 Collateral Nominees Limited is registered in England and Wales with its registered office at 160 Queen Victoria Street, London EC4V 4LA, England, Company Number 3422258 Europe Nominees Limited is registered in England and Wales with its registered office at 160 Queen Victoria Street, London EC4V 4LA, England, Company Number 3351608 Falcon (External Clients) Nominees Limited is registered in England and Wales with its registered office at 160 Queen Victoria Street, London, EC4V 4LA, United Kingdom, Company Number 3587031 Insight Investment Funds Management Limited is registered in England and Wales with its registered office at 160 Queen Victoria Street, London, England, EC4V 4LA, Company Number 1835691 and VAT No. GB 5777 181 95 [a] Insight Investment International Limited is registered in England and Wales with its registered office at BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA, Company Number 3169281 and VAT No. GB 5777 181 95 [a] Insight Investment Management (Global) Limited is registered in England and Wales with its registered office at 160 Queen Victoria Street, London, England, EC4V 4LA, Company Number 827982 and VAT No. GB 5777 181 95 [a] Insight Investment Management Limited is registered in England and Wales with its registered office at 160 Queen Victoria Street, London, England, EC4V 4LA, Company Number 2111149 and VAT No. GB 5777 181 95 Insight Investment Services Limited is registered in England and Wales with its registered office at 160 Queen Victoria Street, London, England, EC4V 4LA, Company Number 4471826 and VAT No. GB 5777 181 95 Mellon Europe Pension (Nominees) Limited is registered in England and Wales with its registered office at BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA, Company Number 2304755 Newton Investment Management Limited is registered in England and Wales with its registered office at BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA, Company Number 1371973 and VAT No. GB 5777 181 95 [a] Newton Management Limited is registered in England and Wales with its registered office at BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA, Company Number 2769904 and VAT No. GB 5777 181 95 Nutraco Nominees Limited is registered in England and Wales with its registered office at 160 Queen Victoria Street, London EC4V 4LA, England, Company Number 328897 PCONTROL UK LTD. is registered in England and Wales with its registered office at BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA, United Kingdom, Company Number 4488670 Pershing Holdings (UK) Limited is registered in England and Wales with its registered office at Royal Liver Building, Pier Head, Liverpool, L3 1LL, Company Number 4659431 and VAT No. GB 5777 181 95 Pershing Limited is registered in England and Wales with its registered office at Royal Liver Building, Pier Head, Liverpool, L3 1LL, Company Number 2072264 and VAT No. GB 5777 181 95 [a] Pershing Nominees Limited is registered in England and Wales with its registered office at Royal Liver Building, Pier Head, Liverpool, L3 1LL, Company Number 2079368 Pershing Securities Limited is registered in England and Wales with its registered office at Royal Liver Building, Pier Head, Liverpool, L3 1LL, Company Number 2474912 and VAT No. GB 5777 181 95 [a] Stock Lending Collateral (Equity) Nominees Limited is registered in England and Wales with its registered office at 160 Queen Victoria Street, London EC4V 4LA, England, Company Number 3482924 Stock Lending Collateral (Gilt) Nominees Limited is registered in England and Wales with its registered office at 160 Queen Victoria Street, London EC4V 4LA, England, Company Number 3482927 The Bank of New York (Nominees) Limited is registered in England and Wales with its registered office at 160 Queen Victoria Street, London, EC4V 4LA, United Kingdom, Company Number 928736 The Bank of New York Depository (Nominees) Limited is registered in England and Wales with its registered office at 160 Queen Victoria Street, London EC4V 4LA, England, Company Number 3227439 The Bank of New York Mellon (International) Limited is registered in England and Wales with its registered office at BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA, United Kingdom, Company Number 3236121 and VAT No. GB 5777 181 95 [l] The Bank of New York Mellon London Branch is registered in England and Wales with UK establishments at BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA, United Kingdom, and One Canada Square, London, E14 5AL, United Kingdom, and Branch Number BR000818 [m] FRANCE The Bank of New York Mellon SA/NV Paris Branch is registered in France with Company No. RCS Paris 538 228 420 and with its Registered Office at 7 Rue Scribe (4th floor), 75009 Paris, France. [d][e] BNY Mellon Fund Management (Luxembourg) SA, Paris Branch is registered in France with Company No. RCS Paris 848 365 920 and with its Registered Office at 7 Rue Scribe (4th floor), 75009 Paris, France. Subject to limited supervision by the French Autorité des Marchés Financiers. [h] GERMANY The Bank of New York Mellon SA/NV, Asset Servicing, Niederlassung Frankfurt am Main is registered in Germany with Registration No. HRB 87912 and with its Registered Office at Friedrich-Ebert-Anlage 49, MesseTurm, 60327 Frankfurt am Main, Germany. Branch Management: Katarina Melvan (Spokesperson), Christoph Stähler. VAT No. DE 267 187 298. [b][e] BNY Mellon Service Kapitalanlage-Gesellschaft mbH is registered in Germany with Registration No. HRB 53283 and with its Registered Office at Friedrich-Ebert-Anlage 49, MesseTurm, 60327 Frankfurt am Main, Germany. Management: Sascha Zeitz (Spokesperson), Corinne Klopfer. Chairman of the Supervisory Board: Eric Pulinx. VAT No.DE 218 021 220. [b] The Bank of New York Mellon Filiale Frankfurt am Main is registered in Germany with Registration No. HRB 12731 and with its Registered Office at Friedrich-Ebert-Anlage 49, MesseTurm, 60327 Frankfurt am Main, Germany. Branch Management: Daniel Cuncic, Christopher Porter. VAT No. DE 114 104 781. [b] BNY Mellon Fund Management (Luxembourg) SA, German branch (Zweigniederlassung Deutschland), is registered in Frankfurt am Main with Registration No. HRB 114390 and with its registered office at Friedrich-Ebert-Anlage 49, MesseTurm, 60327 Frankfurt am Main, Germany. Subject to limited regulation by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). Permanent representative: Peter Peterburs. VAT No. DE 322 600 332 [h] Insight Investment Management (Europe) Limited, Niederlassung Deutschland, is registered in Frankfurt am Main with Registration No. HRB 119643 and with its registered office at Friedrich-Ebert-Anlage 49, MesseTurm, 60327 Frankfurt am Main, Germany. Subject to limited regulation by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). Permanent representative: Wolfgang Murmann. VAT No. DE 319 840 174 IRELAND BNY Mellon Fund Services (Ireland) Limited is registered in Ireland with Company No. 218007 and with its Registered Office at One Dockland Central, Guild Street, IFSC, Dublin 1, Ireland. VAT No. IE:821 8007W [j] BNY Mellon Securities Services (Ireland) Limited is registered in Ireland with Company No. 226748 and with its Registered Office at One Dockland Central, Guild Street, IFSC, Dublin 1, Ireland. VAT No. IE 8226748O [j] Pershing Securities International Limited is registered in Ireland with Company No. 367098 and with its Registered Office at Riverside II, Sir John Rogerson’s Quay, Grand Canal Dock, Dublin 2, DO2 KV60, Ireland. VAT No. IE: 638 7098K Pershing International Nominees Limited is registered in Ireland with Company No. 367099 and with its Registered Office at Riverside II, Sir John Rogerson’s Quay, Grand Canal Dock, Dublin 2, DO2 KV60, Ireland. The Bank of New York Mellon SA/NV, Dublin Branch; Riverside II, Sir John Rogersons Quay, Dublin 2, Ireland is registered in Ireland with external company number 907126. VAT: IE 9578054E [e] BNY AIS Nominees Limited is registered in Ireland with Company No. 399670 and with its Registered Office at Riverside II, Sir John Rogerson’s Quay, Dublin 2, Ireland. VAT No. IE9698969D BNY Custodial Nominees (Ireland) Limited is registered in Ireland with Company No. 21562 and with its Registered Office at Riverside II, Sir John Rogerson’s Quay, Dublin 2, Ireland. ITALY The Bank of New York Mellon (Luxembourg) S.A. - Succursale Italiana is registered in Italy with Company No. Iscrizione REA MI-1840512 and with its Registered Office at 13 Via Mike Bongiorno, Diamantino Building, 20124 Milano, Italy. VAT No. 05694250969 [h] BNY Mellon Fund Management (Luxembourg) SA, Milan Branch is registered in Italy with Company No. Iscrizione REA 2547765 and with its Registered Office at 13 Via Mike Bongiorno, Diamantino Building, 20124 Milano, Italy. VAT No. 10658840961 [r] [h] LUXEMBOURG Global Investment Servicing (Luxembourg) S.à r.l. is registered in Luxembourg with Company No. R.C.S. Luxembourg B137676 and with its Registered Office at 2-4, Rue Eugène Ruppert, L-2453 Luxembourg, Grand Duchy of Luxembourg, matricule n°.2008 2412353. The Bank of New York Mellon SA/NV, Luxembourg Branch is registered in Luxembourg with Company No. R.C.S. Luxembourg B0105087 and with its Registered Office at 2-4, rue Eugène Ruppert, L-2453 Luxembourg, Grand Duchy of Luxembourg. VAT No. LU 23482846. [h][e] BNY Mellon EMEA Services Holdings S.à r.l. is registered in Luxembourg with Company No. R.C.S. Luxembourg B223685 and with its Registered Office at 2-4, Rue Eugène Ruppert, L-2453 Luxembourg, Grand Duchy of Luxembourg, matricule n°. 2018 2421 406. [h] BNY Mellon Fund Management (Luxembourg) SA is registered in Luxembourg with Company No. R.C.S. Luxembourg B28166 and with its Registered Office at 2-4, rue Eugène Ruppert, L-2453 Luxembourg, Grand Duchy of Luxembourg. VAT No. LU 21472557 [h] RUSSIA The Bank of New York Mellon has a Moscow Representative Office which is accredited with the Central Bank of the Russian Federation, and has been assigned a tax ID (INN) – 9909134199. Its registered office is located at Mokhovaya Business Centre, 4/7 Vozdvizhenka Street, Building 2, Moscow, 125009, Russia. [f] SCOTLAND Walter Scott & Partners Limited is registered in Scotland with Company No. SC 093685 and with its Registered Office at One Charlotte Square, Edinburgh, EH2 4DR, United Kingdom. VAT No. GB: 577 7181 95 [a] SPAIN BNY Mellon Fund Management (Luxembourg) SA, Madrid Branch with its Registered Office at José Abascal, 45 - 4th floor, 28003 Madrid, Spain. VAT No. W0186907B [g] [h] SWEDEN BNY Mellon Fund Management (Luxembourg) SA, filial Sverige is registered in Sweden at Bolagsverkets filial register No. 516422-7508. Registered address: Östermalmstorg 1, Stockholm, 114 42 No. Subject to limited supervision by Finansinspektionen [h] SWITZERLAND BNY Mellon Investments Switzerland GmbH is registered in Switzerland at Bärengasse 29, CH-8001 Zürich, Switzerland, Company number CHE-310-721-982 [p] THE NETHERLANDS The Bank of New York Mellon SA/NV Amsterdam Branch is registered in the Netherlands with Company No. 34363596 and with its Registered Office at Claude Debussylaan 7, 1082 MC Amsterdam, The Netherlands, and VAT Number NL 8214.50.803.B.01 [i][e] BNY Mellon Fund Management (Luxembourg) SA, Netherlands Branch is registered in Netherlands with Company No. 73948004 and with its Registered Office at Claude Debussylaan 7, 1082 MC Amsterdam, The Netherlands, and VAT NL859720548B01 [q][h] [a] Authorised and regulated by the Financial Conduct Authority [b] Die Niederlassung fällt unter die Aufsicht der Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). (The branch is regulated by BaFin). [c] Regulated by Bank of Spain [d] Regulated by Banque de France [e] Regulated by the National Bank of Belgium (NBB) [f] Regulated by Central Bank of the Russian Federation [g] Regulated by Comisión Nacional del Mercado de Valores [h] Regulated by Commission de Surveillance du Secteur Financier [i] Part-regulated (under integrity supervision) by De Nederlandsche Bank [j] Regulated by the Central Bank of Ireland [k] Regulated by the Guernsey Financial Services Commission [l] Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority [m] The Bank of New York Mellon is supervised and regulated by the New York State Department of Financial Services and the Federal Reserve and authorised by the Prudential Regulation Authority. The Bank of New York Mellon London branch is subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request [o] Regulated by the Jersey Financial Services Commission [p] Authorised and regulated by FINMA EMEA Insights About Us Careers Investor Relations Newsroom Locations Contact Support Privacy Terms of Use Cookie Notice Regulatory Resources Modern Slavery Statement Manage Cookies EMEA -------------------------------------------------------------------------------- ©2024 THE BANK OF NEW YORK MELLON CORPORATION Choose Your Region or Location Asia Pacific Australia China English 中文 Hong Kong, China India Japan English 日本語 Korea English 한국 Singapore Europe, Middle East & Africa Belgium Germany English Deutsch Ireland Italy English Italiano Luxembourg Netherlands English Dutch Poland English Polski Saudi Arabia English اَلْعَرَبِيَّةُ Spain English Español United Kingdom Latin America Brazil North America United States Canada All office locations YOUR PRIVACY We use cookies to retrieve and store information about you, your browser, device and preferences. 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