Bank of New York Mellon Systems Thinking Paper

Bank of New York Mellon Systems Thinking Paper

Introduction

Bank of New York Mellon is one of the leading companies in the world of asset management and operations with securities. The bank has $ 25 trillion depository assets and more than $ 1 trillion assets under management as of December 31, 2010. BNY Mellon specializing in asset management and private equity, broker-dealer services, and treasury services. The Bank is represented in 36 countries on all continents, including in Russia.

Capitalization

$ 37.33 billion (3.26.2010)

Net profit

$ 1.41 billion (2008)

Total assets

$ 228.84 billion (06/30/2010), $ 237.51 billion (2008)

Bank of New York since 2007 was called by the name of Bank of New York Mellon, which the oldest bank in the U.S. and the first bank in New York, founded March 15, 1784 by Alexander Hamilton, who at the time was only 27 years old. Five years later, Hamilton became the first Minister of Finance and the Bank agreed on the allocation of the first loan to the Government of a newly independent country of 200 thousand dollars. In 1878, the Bank of New York became the depository of the U.S. Treasury, at the beginning the bank had a capital of $ 500 million in gold and silver bars. The Bank was not allowed to have a total debt of more than 3 times its capital. It was the only bank in New York City for 15 years as long as the 1799 Legislature of New York is licensed Manhattan Company (Manhattan Company), with the financial support of a political opponent Hamilton Aaron Burr (Gharajedaghi, 1999).

In 2007, the merger of Bank of New York and Mellon Financial Corporation has formed BNY Mellon, which has become a world leader in the depositories, surpassing the State Street Corporation. In late 90's, BoNY last century was involved in scandals related to the "laundering" the money of Russian origin. In May 2007, the Moscow Arbitration Court on behalf of FCS (Federal Customs Service of Russia) was filed with the requirement to collect from the Bank of New York $ 22, 5 billion as damage to Russia in 1996 to 1999. In September 2009, it was announced that the parties have decided to go to the world. Wine Bank has not been proven, but it will pay compensation in the amount of at least $ 14 million. In this paper we are going to analyze the importance of system thinking concerning the Bank of New York Mellon, and its impact on the bank, along with that in this paper we provide a gap analysis strategy for the Bank of New York Mellon which would assist the bank to gain huge profits and overcome the losses which are currently being faced by this bank.

Discussion

Systems' thinking is a discipline that dates back centuries and has spread in the corporate world for about fifty years, and mainly since the early 90s due to publishing success of the work of Peter Senge, "The Fifth Discipline "(systems thinking, personal ...