BNY Mellon Asset Servicing Tops $100 Billion in ETF Assets Under Custody
June 30 2009 - 8:05AM
PR Newswire (US)
Largest U.S. Custodian in Terms of Funds Serviced NEW YORK, June 30
/PRNewswire-FirstCall/ -- BNY Mellon Asset Servicing, the global
leader in securities servicing, announced today that it has
exceeded $100 billion in exchange-traded fund (ETF) assets under
custody. BNY Mellon is the largest U.S. custodian for ETFs in terms
of funds serviced, providing services to more than 350 separate
funds. Over the last 10 years, BNY Mellon's ETF services business
has grown from a single portfolio with less than $1 billion in
assets. "This important milestone reflects the recent market upturn
and the unwavering emphasis that BNY Mellon has put on delivering
superior asset servicing capabilities for this rapidly growing
segment of the global funds industry," said Joseph Keenan, managing
director and head of financial institution relationship management
for BNY Mellon Asset Servicing. ETF services include custody,
accounting and administration, and transfer agency. "Our position
as a market leader in providing asset servicing capabilities is
evidence of the extraordinary growth in an asset class that didn't
even exist only a few short years ago," said Keenan. "We will
continue to invest in all aspects of this business from technology
to client service so we can meet the growing needs of investment
managers and contribute to the continuing success of our clients."
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
provides services through The Bank of New York Mellon and other
related companies. 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 per day, as of March 31, 2009.
Additional information is available at http://www.bnymellon.com/.
DATASOURCE: The Bank of New York Mellon Corporation CONTACT: Mike
Dunn of BNY Mellon Asset Servicing, +1-212-922-7859, Web Site:
http://www.bnymellon.com/
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