Bank of New York Mellon Corp is a Delaware corporation. The Company is an investment company. It divides its businesses into two segments, Investment Management and Investment Services. It also has other segment, which includes credit-related services, the leasing portfolio, corporate treasury activities (including its investment securities portfolio), its equity interest in ConvergEx Group, business exits and corporate overhead. The Company's two banking subsidiaries are - The Bank of New York Mellon, a New York state-chartered bank, which houses the Company's investment services businesses, including asset servicing, issuer services, treasury services, broker-dealer and advisor services as well as the bank-advised business of asset management; and BNY Mellon, National Association, a national bank, which houses the Company's wealth management business. The two U.S. banking subsidiaries engage in trust and custody activities, investment management services, banking services and various securities-related activities. It has four other U.S. bank and/or trust company subsidiaries concentrating on trust products and services across the United States: The Bank of New York Mellon Trust Company, National Association, BNY Mellon Trust of Delaware, BNY Mellon Investment Servicing Trust Company and BNY Mellon Trust Company of Illinois. The Company's Investment Management business competes with domestic and international asset management firms, hedge funds, investment banking companies and other financial services companies, including trust banks, brokerage firms, and insurance companies, as well as technology service providers. The Company's investment services business competes with domestic and international financial services firms that offer custody services, corporate trust services, clearing services, collateral management services, credit services, securities brokerage, foreign exchange services, derivatives, depositary receipt services and cash management services and related products, as well as technology service providers, such as financial services data processing firms.
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