BNY Mellon Asset Servicing Appointed by Banca Popolare di Milano as Global Custodian
August 30 2007 - 5:03AM
PR Newswire (US)
LONDON, Aug. 30 /PRNewswire-FirstCall/ -- BNY Mellon Asset
Servicing, the global leader in asset servicing, has been appointed
by Banca Popolare di Milano to provide custody services. David
Galli, Head of Securities Department at Banca Popolare di Milano,
said: "We were extremely impressed with BNY Mellon Asset
Servicing's enthusiastic team. They have demonstrated a clear
understanding of our needs, and have proven experience in meeting
and servicing the complex requirements of institutions such as
ours. Equally importantly, they have shown their ability to develop
solutions for us as we grow in sophistication and complexity. BNY
Mellon Asset Servicing has been chosen after a rigorous selection
procedure and we look forward to partnering with them." Nadine
Chakar, executive vice president at BNY Mellon Asset Servicing,
said: "Once again our success in delivering high quality client
service and innovative solutions has been recognised by the
marketplace. Winning this significant global mandate underlines our
desire to work hand-in-hand with leading institutions around Europe
and highlights the importance of our Milan office in securing
mandates of this size. My team and I look forward to working
closely with our new partner." Notes to editors BNY Mellon Asset
Servicing offers clients worldwide a broad spectrum of specialised
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: BNY Mellon
Asset Servicing CONTACT: Louisa Bartoszek of BNY Mellon Asset
Servicing, +44-20-7163-2826, Web site: http://www.bnymellon.com/
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