BNY Mellon Asset Servicing Ranked #1 Global Custodian Against Its Peers in Eight Categories in 2009 Global Investor Global Custo
May 12 2009 - 10:33AM
PR Newswire (US)
Three overall #1 rankings, five further #1 rankings against peers
LONDON, May 12 /PRNewswire-FirstCall/ -- BNY Mellon Asset
Servicing, the global leader in securities servicing, shared the
highest number of #1 rankings -- eight in total -- within its peer
group of the world's five largest global custodians in Global
Investor magazine's 2009 Global Custody Survey of investment
managers, insurance companies and pension funds. BNY Mellon Asset
Servicing was ranked #1 out of all nine surveyed global custody
providers in the Sole: Overall (Weighted), Sole: Americas
(Weighted) and Asia (Unweighted) categories. In addition, BNY
Mellon was ranked #1 amongst its peers* in the following
categories: -- Overall (Unweighted) -- Billionaire's Club
(Unweighted) -- Americas (Unweighted) -- Institutional Asset
Managers (Unweighted) -- Institutional Fund Managers: Americas
(Unweighted) * State Street, JP Morgan, Northern Trust &
Citigroup Sample client quotes submitted by survey respondents
included: -- "Overall, this is our top custodian" -- "We were very
impressed when [BNY Mellon] created a client service team purely to
service our business. The team is made up of highly experienced
individuals who provide excellent service" -- "Our current
relationship manager is excellent. He understands our business and
is very effective at solving problems" Jim Palermo, co-CEO of BNY
Mellon Asset Servicing, said: "Service excellence and innovation
remain the cornerstones of our asset servicing business, and these
latest survey results underline once again the unwavering
dedication displayed by everyone within our Asset Servicing team.
This latest vote of confidence by our clients is particularly
pleasing given the challenging business environment over recent
months, and we will continue to work diligently to support them to
ensure they can achieve their goals going forward." BNY Mellon's
strong showing in this year's annual Global Investor survey results
follow the company's top ranked performance in both Global
Custodian magazine's 2008 Global Custody Survey -- published in
January -- and the 2008 R&M Survey, which appeared in March.
Notes to editors BNY Mellon Asset Servicing offers clients
worldwide a broad spectrum of specialized asset servicing
capabilities, including custody and fund services, securities
lending, performance and analytics, and execution services. BNY
Mellon Asset Servicing offers its products and services through The
Bank of New York Mellon and other subsidiaries of The Bank of New
York Mellon Corporation. 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/ 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 unless otherwise stated as at March 31,
2009. 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. DATASOURCE: The Bank of New York
Mellon Corporation CONTACT: Tim Steele, +44-20-7163-5850, Web Site:
http://www.bnymellon.com/
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