The Bank of New York Mellon Ranked Top Trustee for Third Quarter of 2008
November 17 2008 - 9:30AM
PR Newswire (US)
NEW YORK, Nov. 17 /PRNewswire-FirstCall/ -- The Bank of New York
Mellon, a global leader in asset management and securities
servicing, was the number one overall trustee for all U.S. debt for
the third quarter of 2008, according to data compiled by Thomson
Financial, a leading provider of financial technology and
information. The Bank's top trustee ranking encompasses leadership
positions across all significant U.S. debt segments, including
long-term municipal, high yield, investment grade, structured and
convertible debt. For the first nine months of 2008, the company
served as trustee for over 1,300 issues, a 30% market share, valued
at more than $411 billion in proceeds. Scott Posner, chief
executive officer of The Bank of New York Mellon's Global Corporate
Trust business, said, "This ranking symbolizes our experience and
expertise successfully servicing every debt category. We continue
to lead the way as the provider of choice for issuers and key
market participants in the U.S. and around the world." The Bank of
New York Mellon's corporate trust business services $12 trillion in
outstanding debt from 56 locations in 18 countries around the
world. It services all major debt categories, including corporate
and municipal debt, mortgage-backed and asset-backed securities,
collateralized debt obligations, derivative securities and
international debt offerings. The Bank of New York Mellon's
corporate trust and agency services are delivered through The Bank
of New York subsidiary. 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 $22.4 trillion in assets
under custody and administration, approximately $1.1 trillion in
assets under management and services approximately $12 trillion in
outstanding debt. Additional information is available at
bnymellon.com. DATASOURCE: The Bank of New York Mellon Corporation
CONTACT: Kevin Heine of The Bank of New York Mellon Corporation,
+1-212-635-1569, Web Site: http://www.bnymellon.com/
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