Yesterday, all across BNY, we celebrated a tremendous milestone unique to our firm - 240 years (only eight years younger than America)! In case you didn’t know, the Bank of New York: - was established to help NY get back on its feet after being decimated during the revolution - loaned $200K to the country in 1787, not only saving it from bankruptcy but sparking an economic boom that helped transform its financial standing in the world - was the 1st company listed on the NYSE - was founded by two great men who were patriots and pioneers that both served as Treasury Secretary: Alexander Hamilton, founding father who revolutionized the nation’s financial system, and Andrew Mellon, who pioneered venture capitalism and backed many industries that helped propel the country to where it is today - as early as 1884, had women make up ~40% of its stockholders - served as the depository for what’s known to be the nation’s 1st trust, established for the benefit of Hamilton’s family after his death. We are privileged to oversee almost $50T in assets (including the top firms in the world as well as the US government), a feat achieved by staying true to our legacy of conservative financial management while constantly evolving and innovating to best serve our clients’ needs. Cheers to another 240 (and more)! If you’d like to read more of our history: https://lnkd.in/gkEsbziY
Wow 240 years! Happy anniversary to you and your team!
President/CEO at McNair & Company founded in 1931, former World Champion tennis player on the ATP Tour, and Co-Author of Life Insurance 10X
2moAmazing legacy and history!