The Bank of New York Mellon Appointed by Banco Popular Espanol as Global Custodian
October 09 2007 - 5:34AM
PR Newswire (US)
LONDON, Oct. 9 /PRNewswire-FirstCall/ -- The Bank of New York
Mellon Corporation has been appointed by Banco Popular Espanol, the
third largest banking group in Spain, as global custodian for
assets totalling $2 billion. (Logo:
http://www.newscom.com/cgi-bin/prnh/20071001/NYM012LOGO ) Rafael
Duarte, director and head of global financial institutions, Banco
Popular Espanol, said: "We appointed The Bank of New York Mellon as
it was able to devise and implement a service completely tailored
to our needs. Its systems enable us to access global reporting
across our international custody and fund of funds participations
using the same reporting tool, reducing costs and streamlining our
operations considerably." Ana Sancho, The Bank of New York Mellon,
said: "This win underscores our commitment to providing the client
with the highest level of service through sophisticated systems.
Our European custody model is strong and we look forward to
extending further our relationship with Banco Popular Espanol in
years to come." 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 service 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, clearing services and treasury services
through a worldwide client-focused team. It has more than $20
trillion in assets under custody and administration, more than $1
trillion in assets under management and services $11 trillion in
outstanding debt. Additional information is available at
http://www.bnymellon.com/.
http://www.newscom.com/cgi-bin/prnh/20071001/NYM012LOGO
http://photoarchive.ap.org/ DATASOURCE: The Bank of New York Mellon
Corporation CONTACT: Louisa Bartoszek of The Bank of New York
Mellon Corporation, +44-20-7163-2826, Web site:
http://www.bnymellon.com/
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