The Bank of New York Mellon Honoured With Seven Awards at International Custody & Fund Administration Global Awards 2009
May 13 2009 - 5:35AM
PR Newswire (US)
Recognition for Asset Servicing, Alternative Investment Services,
Broker-Dealer Services and Transition Management businesses LONDON,
May 13 /PRNewswire-FirstCall/ -- The Bank of New York Mellon, a
global leader in asset management and securities servicing, has
received the highest number of awards - seven in total - at the
International Custody & Fund Administration (ICFA) Global
Awards 2009 held in London. The Bank of New York Mellon Alternative
Investment Services (AIS) claimed the award for Hedge Fund
Administrator of The Year. BNY Mellon Asset Servicing was named
Custodian of The Year: Americas, Transfer Agent of the Year and
Derivatives Valuation Services Provider of the Year. It also
received the award for White Paper of The Year for 'Inside the
Engine Room', published in June 2008, which examined the
operational challenges and opportunities for Nordic institutions.
The Bank of New York Mellon Broker-Dealer Services was named
Broker/Dealer Custody & Clearing Provider of the Year. Mellon
Transition Management (MTM), the transition management specialist
for BNY Mellon Asset Management, walked away with the award for
Transition Management Provider of the Year. This was the second
award MTM had received in two days - the previous night, the
company had been named Best Transition Manager in the Scheme
Services categories at the FT Pension Investment Provider Awards
2009. The Global Awards judging panel included Dr Werner Frey, CEO
of the European Securities Forum and Angela Knight, CEO of The
British Bankers Association. In summary, The Bank of New York
Mellon won the following awards: -- Custodian of The Year: Americas
- BNY Mellon Asset Servicing -- Hedge Fund Administrator - The Bank
of New York Mellon AIS -- Transition Management Provider - Mellon
Transition Management -- Transfer Agent - BNY Mellon Asset
Servicing -- Broker/Dealer Custody & Clearing Provider - The
Bank of New York Mellon BDS -- Derivatives Valuation Services
Provider - BNY Mellon Asset Servicing -- White Paper of the Year* -
BNY Mellon Asset Servicing *Available at
http://www.bnymellon.com/news/commentaries/assetservicing/insideengineroom.pdf
Jim Palermo, co-CEO of BNY Mellon Asset Servicing, said: "These
awards are further testament to the continued hard work and
dedication of everyone within the Asset Servicing team. We
recognise that our ongoing success is very much down to us
listening closely to our clients and working with them to ensure we
can anticipate their needs in what is a demanding and many ways
unprecedented business environment. While we are very proud of the
broad range of innovative services we have developed to meet the
challenges our clients face around efficiency, cost reduction, risk
mitigation, liquidity and transparency, we also know that it is
imperative to keep getting the fundamentals right, day in, day
out." Art Certosimo, Senior Executive Vice-President and Head of
Alternative Investment & Broker-Dealer Services, said:
"Receiving both the Hedge Fund Administrator and Broker Dealer
Custody & Clearing Provider awards shows that the industry has
a profound appreciation of how we continue to meet the needs of our
clients as their business models converge and evolve. We are
offering a unique combination of administration, custody,
collateral management and liquidity services that enables our
clients to deliver the services and transparency that investors are
seeking." Mark Keleher, CEO of Mellon Transition Management,
commented: "Given the past year's tumultuous markets, and the
strain such markets put on many pension plans, it is especially
gratifying to be honoured in this way by the financial services
community. I believe such an award is a real testament to the
fiduciary principals upon which Mellon Transition Management was
founded and is fiercely committed to upholding." Notes to editors
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
$19.5 trillion in assets under custody and administration, $881
billion in assets under management, services more than $11 trillion
in outstanding debt and processes global payments averaging $1.8
trillion a day. Additional information is available at
http://www.bnymellon.com/ DATASOURCE: The Bank of New York Mellon
CONTACT: Tim Steele, Asset Servicing & MTM, +44 20 7163 5850, ;
Serra Balls, AIS & BDS, +44 20 7964 8798, Web Site:
http://www.bnymellon.com/
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