BNY Mellon Asset Servicing Introduces Corporate Governance Tool for Institutional Investors
August 02 2007 - 8:30AM
PR Newswire (US)
BOSTON, Aug. 2 /PRNewswire-FirstCall/ -- BNY Mellon Asset
Servicing, the global leader in asset servicing, announced that it
has introduced a corporate governance reporting tool that alerts
institutional investors of upcoming shareholder meetings, their
positions in the companies holding these events, and share lending
information. BNY Mellon Asset Servicing has made this information
available on the latest version of Workbench, its browser-based
information delivery system. BNY Mellon Asset Servicing clients,
such as the State Board of Administration (SBA) of Florida, believe
that this service will significantly facilitate their ability to
track the many shareholder meetings for the vast number of
companies in which they hold positions. It adds a new layer of
information to allow them to improve corporate governance decision
making and improves their ability to make informed proxy voting
decisions. "We continue to enhance and upgrade the Workbench
information delivery system with features that are timely and
important to our clients' success," said Vince Sands, executive
vice president of BNY Mellon Asset Servicing. "Increasingly,
clients are demanding more sophisticated services to supplement our
existing offering and to better address issues such as corporate
governance." BNY Mellon Asset Servicing offers clients worldwide a
broad spectrum of specialized asset servicing capabilities,
including custody and fund services, securities lending,
performance and analytics, and execution services. With more than
$20 trillion in assets under custody and administration, the group
holds strong market leadership positions across all major business
lines. BNY Mellon Asset Servicing provides services through The
Bank of New York, Mellon Bank, N.A. and other related companies.
The Bank of New York Mellon Corporation is a global financial
services company focused on helping clients manage and move their
financial assets, operating in 37 countries and serving more than
100 markets. The company is a leading provider of financial
services for institutions, corporations and high-net-worth
individuals, providing superior asset management and wealth
management, asset servicing, issuer services and treasury services
through a worldwide client-focused team. It has more than $20
trillion in assets under custody and administration and more than
$1 trillion in assets under management. Additional information is
available at http://www.bnymellon.com/. DATASOURCE: The Bank of New
York Mellon Corporation CONTACT: Joseph Ailinger, Jr. of The Bank
of New York Mellon Corporation, +1-617-722-7571, Web site:
http://www.bnymellon.com/
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