BNY Mellon Asset Servicing Named European Custodian of the Year by Funds Europe Magazine for Second Consecutive Year
December 07 2009 - 10:50AM
PR Newswire (US)
LONDON, Dec. 7 /PRNewswire-FirstCall/ -- BNY Mellon Asset
Servicing, the global leader in securities servicing, has been
honoured for the second year in a row as European Custodian of the
Year at the annual Funds Europe Awards held in London. In making
their selection, the judges commended BNY Mellon Asset Servicing
for its "innovative product offering and excellent custody
services." In addition, BNY Mellon was particularly praised for its
performance throughout the global financial crisis. Having also won
the European Custodian of the Year award in 2008, this is the third
year running that BNY Mellon Asset Servicing has picked up an award
at the event -- in 2007, the magazine named Nadine Chakar, Head of
Europe, Middle East & Africa at BNY Mellon Asset Servicing as
its Personality of the Year. Tim Keaney, co-CEO of BNY Mellon Asset
Servicing, said: "We are honoured that the hard work, creativity
and commitment to service excellence on the part of everyone in our
Asset Servicing business has once again been recognised in such a
prestigious survey. It was just over three years ago that we
announced our merger, and since then we have all travelled a long
way, undertaking an arduous but nonetheless successful integration
process and -- following the global crisis -- weathering the
toughest conditions our industry has seen in decades. The fact that
we are not only still standing, but standing tall, is first and
foremost testament to the quality, dedication and vision of our
people." This latest award rounds off a highly successful year for
BNY Mellon regarding securities services-related honours bestowed
by financial services publications globally: -- In March, BNY
Mellon Asset Servicing scooped the title of 'Best Global Custodian'
in The Asset magazine's Triple A Transaction Banking Awards 2009.
-- The same month, the Asset Servicing business was named
'Custodian of the Year' at the Global Pensions Awards 2009. -- In
April, BNY Mellon Asset Servicing was named 'Best Global Custodian'
in Asia in Asia Asset Management magazine's 2008 Best of the Best
Awards. -- In May, BNY Mellon picked up seven honours at
International Custody & Fund Administration's Global Awards
2009, including Hedge Fund Administrator, Transfer Agent,
Custodian: Americas and Derivatives Valuation Provider. -- In July,
BNY Mellon was named Best Global Investor Services House by
Euromoney magazine in the publication's 2009 Awards for Excellence.
-- At the beginning of this month, BNY Mellon received the two
biggest awards at International Custody & Fund Administration's
European Awards 2009, when it was honoured as European Securities
Services Provider of the Year and Hedge Fund Administrator of The
Year (over $100bn). In total, BNY Mellon picked up five awards.
During 2009 BNY Mellon Asset Servicing also put in very strong
showings in the three key independent client-driven industry
surveys. It received the highest number of 'Top-Rated' recognitions
and 'Best in Class' awards in Global Custodian magazine's 2008
Global Custodian Bank Survey, whose results were announced in
January. In March the company was ranked #1 overall in five
categories -- a feat matched by only one other provider -- and
ahead of its peer group* in a further seven categories in the 2009
R&M Survey of custody clients and fund managers. Finally, in
May it shared the highest number of #1 rankings -- eight in total
-- within its peer group in Global Investor magazine's 2009 Global
Custody Survey of investment managers, insurance companies and
pension funds. * State Street, JP Morgan, Northern Trust &
Citigroup 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 is the corporate brand of The Bank of New York Mellon
Corporation. BNY Mellon 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. BNY Mellon 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 $22.1 trillion in
assets under custody and administration and $966 billion in assets
under management, services $11.9 trillion in outstanding debt and
processes global payments averaging $1.6 trillion per day.
Additional information is available at http://www.bnymellon.com/
DATASOURCE: BNY Mellon CONTACT: Tim Steele, +44-20-7163-5850, Web
Site: http://www.bnymellon.com/
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