Microsoft Chooses Bank of New York Mellon as Treasury Custodian
May 08 2019 - 9:57AM
Dow Jones News
By Allison Prang
Microsoft Corp. (MSFT) has chosen Bank of New York Mellon Corp.
(BK) as its custody bank for its treasury group, BNY Mellon
said.
The tech company's treasury group manages $130 billion in
assets. Microsoft's transition to its new custody bank happened in
November, BNY Mellon said, adding that this was the first time the
tech company has changed custody banks in nearly a decade.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
May 08, 2019 09:42 ET (13:42 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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