Marshall & Ilsley Reappoints BNY Mellon Asset Servicing as Global Custodian
August 21 2007 - 9:14AM
PR Newswire (US)
NEW YORK, Aug. 21 /PRNewswire-FirstCall/ -- BNY Mellon Asset
Servicing, the global leader in asset servicing, has been
re-appointed by Marshall & Ilsley Corporation as global
custodian for its trust and outsourcing clients, which have more
than $1 billion in assets. The reappointment follows a competitive
bidding process and extends a relationship that began in 2002.
Additional services BNY Mellon Asset Servicing will provide are
accounting, foreign exchange, cash management and U.S. physical
processing services. "BNY Mellon Asset Servicing has demonstrated
its advantages in a number of significant areas, most notably in
technology and tax reclamation services," said Ken Krei, chairman
and chief executive officer of M&I Wealth Management and
M&I Trust Co. "After carefully evaluating possible
alternatives, we have concluded that BNY Mellon continues to
provide the best solutions for our needs." "This reappointment
demonstrates our ability to help banking and trust companies manage
a wide variety of complex and critical asset servicing functions,"
said Patrick Curtin, executive vice president of BNY Mellon Asset
Servicing. "It also exemplifies our commitment to being the premier
provider of asset servicing solutions to financial institutions
globally." Marshall & Ilsley Corporation is a diversified
financial services corporation headquartered in Milwaukee, Wis.,
with $56.5 billion in assets. Founded in 1847, M&I Marshall
& Ilsley Bank is the largest Wisconsin-based bank, with 192
offices throughout the state and 136 in other areas of the country.
Metavante Corporation, a wholly owned subsidiary, provides a full
array of technology products and services for the financial
services industry. On April 3, 2007, Marshall & Ilsley
Corporation announced its plans to split Metavante Corporation and
Marshall & Ilsley Corporation into independent publicly traded
companies. M&I also provides trust and investment management,
equipment leasing, mortgage banking, asset-based lending, financial
planning, investments, and insurance services from offices
throughout the country and on the Internet (http://www.mibank.com/
or http://www.micorp.com/). M&I's customer-based approach,
internal growth, and strategic acquisitions have made M&I a
nationally recognized leader in the financial services industry.
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. 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: Mike Dunn of The Bank of New
York Mellon Corporation, +1-212-922-7859, Web site:
http://www.bnymellon.com/ http://www.mibank.com/
http://www.micorp.com/
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