The Bank of New York Mellon Again Recognised at Global Pensions Awards
March 18 2009 - 12:07PM
PR Newswire (US)
Custodian of Year goes to BNY Mellon Asset Servicing LONDON, March
18 /PRNewswire-FirstCall/ -- The Bank of New York Mellon has again
achieved industry recognition at the Global Pensions Awards 2009.
At an awards ceremony in London, Mellon Transition Management, the
transition management specialist for BNY Mellon Asset Management,
was named "2009 Transition Manager of the Year" for the second
successive year, and BNY Mellon Asset Servicing was named
"Custodian of the Year". "We are pleased to be recognised once
again by Global Pensions and the pension funds around the world who
determined this year's winner," said Mark Keleher, chief executive
officer of Mellon Transition Management. "It's certainly a tribute,
not only to my team, but to the fiduciary model of transition
management. The combination of the credit crisis and the increased
volatility of the financial markets have accelerated the move of
institutional investors to transition managers such as us that act
as fiduciaries during transitions." Keleher said he is continuing
to see market share growth with volumes compounding at more than 40
percent annually over the last three years. He added, "In 2008, we
continued to grow in terms of personnel and opened an office in
Sydney, Australia. This year, we are continuing to add resources
around the globe and expect to continue to add to staff during the
second and third quarters of 2009." These awards follow BNY Mellon
Asset Servicing's strong showing in the annual R&M Global
Custody Survey, published earlier this month, in which BNY Mellon
was ranked in first place in five categories - a feat matched by
only one other provider - in the latest annual R&M Survey of
custody clients and fund managers. Nadine Chakar, Head of EMEA, BNY
Mellon Asset Servicing, summarised the achievement: "Receiving this
award during such a tumultuous period is testament to the strength
of our business model and commitment to service quality. These are
difficult times for our clients and they need a trusted partner who
they believe to be resilient and financially sound. We will
continue to do what we do best, deliver outstanding client service,
invest in cutting-edge technology, pioneer new innovative products
and attract and retain the best talent the industry has to offer."
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 $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/. Mellon Transition
Management is a division of The Bank of New York Mellon. This press
release is issued by The Bank of New York Mellon to members of the
financial press and media. All information and figures source The
Bank of New York Mellon as at 31 December 2008 unless otherwise
stated. This press release is for information purposes only. It
does not constitute an offer or solicitation of securities or
investment services or an endorsement thereof in any jurisdiction
or in any circumstance in which such offer or solicitation is
unlawful or not authorised. The Bank of New York Mellon, London
Branch, registered in England and Wales with FC005522 and BR000818.
Branch office: One Canada Square, London E14 5AL Authorised and
regulated in the UK by the Financial Services Authority. A Bank of
New York Mellon Company(SM) DATASOURCE: The Bank of New York Mellon
Corporation CONTACT: Sarah Deutscher, +44-20-7163-2744, , or Louisa
Bartoszek, +44-20-7163-2826, , both of Bank of New York Mellon
Corporation Web Site: http://www.bnymellon.com/
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