▁bank ▁started ▁building ▁a ▁new ▁IT ▁system ▁called ▁N EX EN . ▁N EX EN ▁uses ▁open ▁source ▁technology ▁and ▁includes ▁components ▁such ▁as ▁an ▁API ▁store , ▁data ▁analyt ics , ▁and ▁a ▁cloud ▁computing ▁environment . ▁ ▁In ▁May ▁ 2 0 1 4 , ▁B N Y ▁M ell on ▁sold ▁its ▁ 1 ▁Wall ▁Street ▁headquarters , ▁and ▁in ▁ 2 0 1 5 , ▁moved ▁into ▁le ased ▁space ▁at ▁Brook field ▁Place . ▁In ▁June ▁ 2 0 1 4 , ▁the ▁company ▁combined ▁its ▁global ▁mark ets , ▁global ▁coll ater al ▁services ▁and ▁prime ▁services ▁to ▁create ▁the ▁new ▁Mark ets ▁Group , ▁also ▁known ▁as ▁B N Y ▁Mark ets ▁M ell on . ▁The ▁company ▁expanded ▁its ▁Hong ▁Kong ▁office ▁in ▁October ▁ 2 0 1 4 ▁as ▁part ▁of ▁the ▁company ' s ▁plans ▁to ▁grow ▁its ▁wealth ▁management ▁business . ▁ ▁Between ▁ 2 0 1 4 ▁and ▁ 2 0 1 6 , ▁B N Y ▁M ell on ▁opened ▁innov ation ▁cent ers ▁focused ▁on ▁emer ging ▁techn ologies , ▁big ▁data , ▁digital ▁and ▁cloud - based ▁projects , ▁with ▁the ▁first ▁opening ▁in ▁Sil icon ▁Valley . ▁ ▁In ▁September ▁ 2 0 1 7 , ▁B N Y ▁M ell on ▁announced ▁that ▁it ▁agreed ▁to ▁sell ▁Center S quare ▁In vest ment ▁Management ▁to ▁its ▁management ▁team ▁and ▁the ▁private ▁equ ity ▁firm ▁Lov ell ▁Minn ick ▁Part ners . ▁The ▁transaction ▁is ▁subject ▁to