The Bank of New York Mellon's Leadership in Foreign Exchange Reflected in 2009 Global Investor Magazine FX Survey Results
March 18 2009 - 8:03AM
PR Newswire (US)
Commitment to client service drives first-place rankings in 20 of
24 survey categories, including Best FX Service Overall NEW YORK,
March 18 /PRNewswire-FirstCall/ -- The Bank of New York Mellon's
leadership as a provider of foreign exchange services has been
underscored by first place rankings in 20 of 24 categories in
Global Investor magazine's 2009 Foreign Exchange Survey, including
Best FX Service Overall. Survey respondents represent a broad
sampling of global asset managers and hedge funds. Results of this
year's survey appear in the March issue of Global Investor. Other
top rankings awarded to The Bank of New York Mellon include best
overall service to both real money and hedge funds; best sales
coverage; best trading in all market categories; best risk
management; and best in nine of 11 advice, research, analysis,
technology, and strategy categories, including best in a new
category, capital flow research. "Foreign exchange expertise is an
important part of the value proposition we offer our clients across
many of our key businesses, such as asset servicing, issuer
services and treasury services," said Jorge Rodriguez, managing
director and head of global foreign exchange sales for The Bank of
New York Mellon. "Maintaining and strengthening our leadership
position in foreign exchange during a period of unprecedented
market volatility and trading volumes has been a unique challenge.
Our rankings reflect our Global Markets team's unrelenting focus on
the question we take to the market every day: who's helping you?"
The Global Markets division encompasses The Bank of New York
Mellon's foreign exchange, interest-rate and equity risk management
businesses. Maintaining sales and trading desks around the world
and active in more than 100 currency markets, Global Markets is a
major presence in world financial centers and provides a full array
of trading, research and e-commerce products to institutional fund
managers, corporations and government entities throughout the
world. Additional information is available at
http://www.bnymellon.com/globalmarkets. 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 34 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 $20.2 trillion in
assets under custody and administration, $928 billion in assets
under management, services more than $11 trillion in outstanding
debt, and processes global payments averaging $1.8 trillion per
day. Additional information is available at
http://www.bnymellon.com/. Foreign exchange and other Global
Markets products and services are provided by subsidiaries of The
Bank of New York Mellon Corporation. DATASOURCE: The Bank of New
York Mellon Corporation CONTACT: Ron Sommer, +1-412-236-0082, Web
Site: http://www.bnymellon.com/
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