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BNY Mellon Strategic Municipals Inc at Barclays Global Financial Services Conference Transcript
Great. Good morning. I'm Jason Goldberg. I cover the US large-cap bank stocks here at Barclays. And welcome to day two of our 20th Annual Global Financial Services Conference.
Kicking off this morning festivities, I'm very pleased to have Bank of New York Mellon. They will be the first company, I think, in a streak of several companies we have to get through before lunch. From the company, very pleased that Emily Portney, the Chief Financial Officer; and Jim Crowley, the CEO of Pershing.
Pershing is about 15% of Bank of New York's revenues. So a significant business with some unique growth opportunities. So we thought it was worthwhile to feature it this morning.
Questions & Answers
And Jim, maybe let's start there. Perhaps can we start with an overview of the business? It's not a business the other kind of trust banks operate in, and maybe not, at least when I talk to people, not as well understood as perhaps it should be. So maybe just start
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