The Bank of New York Mellon Corporation ( ), is a global financial services company formed on 1 July 2007 as result of the merger of The Bank of New York and Mellon Financial Corporation. The company employs 40,000 staff worldwide and has over US $1 trillion in assets under management and in excess of $18 trillion in assets under custody and administration. It operates in six primary financial services sectors including asset management, asset servicing, wealth management, Broker-dealer and advisory services, issuance services, and treasury services.