BNY Mellon Scoops Three Accolades in Asian Awards
January 29 2010 - 6:11AM
PR Newswire (US)
Awarded 'Best Global Custodian in Asia' for second year running
HONG KONG, Jan. 29 /PRNewswire-FirstCall/ -- BNY Mellon received
top industry recognition in Asia Asset Management magazine's 2009
'Best of the Best' Awards this week, winning three accolades. This
year's Asia Asset Management awards applauded the top performing
funds, investment management groups and asset servicing providers
that consistently outperformed in a challenging economic
environment. The asset management awards were based on performance
data submitted by asset managers over three and five years. BNY
Mellon Asset Servicing was awarded the title of 'Best Global
Custodian' in Asia-Pacific for the second consecutive year. BNY
Mellon also was named 'Best Fund Administrator for Alternative
Products'. Standish Mellon Asset Management, part of BNY Mellon
Asset Management, was awarded the title of best asset manager in
the Global Bonds category over three and five years. Commenting on
winning the coveted global custodian award for the second year in a
row, Chong Jin Leow, head of Asia, BNY Mellon Asset Servicing,
said: "2009 was a challenging year for everybody and our team
worked exceptionally hard to ensure that our services levels did
not waver despite the strong headwinds in our industry. In 2010 we
will continue to do what we do best: deliver outstanding client
service, pioneer new innovative products and attract and retain the
best talent the industry has to offer." Commenting on winning the
'Best Fund Administrator for Alternative Products', Andrew Gordon,
Head of Alternative Investment Services for Asia at BNY Mellon,
said: "Hedge funds and other alternative managers in Asia are
increasingly turning to BNY Mellon not only because of our global
strengths, but also because of our local capabilities in the
region. They value our sophisticated reporting platform, our
reputation for client service and our understanding of their needs
as well as our strong balance sheet and high credit ratings. They
believe it is vital to choose a partner which has a long term
commitment to Asia. We are honoured to have been recognised for our
services in the alternative fund administration space." Commenting
on Standish Mellon Asset Management's success at the awards,
Desmond MacIntyre, president and chief executive officer of
Standish, said: "This is an important achievement as it clearly
recognises the consistent performance that we have delivered across
our range throughout the difficult market conditions that have
prevailed, particularly over the last three years." Asia Asset
Management magazine is Asia's oldest monthly journal covering the
institutional investment management and pension markets. Notes to
editors BNY Mellon is the corporate brand of The Bank of New York
Mellon Corporation. BNY Mellon 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. BNY Mellon 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 $22.3 trillion in
assets under custody and administration, $1.1 trillion in assets
under management, services $12 trillion in outstanding debt and
processes global payments averaging $1.6 trillion per day.
Additional information is available at http://www.bnymellon.com/.
DATASOURCE: BNY Mellon CONTACT: Louisa Bartoszek of BNY Mellon,
+44-20-7163-2826, Web Site: http://www.bnymellon.com/
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