PRNewswire
LONDON
(NYSE:BK)
May 13, 2009
Recognition for Asset Servicing, Alternative Investment Services, Broker-Dealer Services and Transition Management businesses
Named Hedge Fund Administrator of The Year for first time in Global Awards
LONDON, May 13, 2009 — The Bank of New York Mellon, a global leader in asset management and securities servicing, has received the highest number of awards — seven in total — at the International Custody & Fund Administration (ICFA) Global Awards 2009 held in London.
The Bank of New York Mellon Alternative Investment Services (AIS) claimed the award for Hedge Fund Administrator of The Year.
BNY Mellon Asset Servicing was named Custodian of The Year: Americas, Transfer Agent of the Year and Derivatives Valuation Services Provider of the Year. It also received the award for White Paper of The Year for 'Inside the Engine Room', published in June 2008, which examined the operational challenges and opportunities for Nordic institutions.
The Bank of New York Mellon Broker-Dealer Services was named Broker/Dealer Custody & Clearing Provider of the Year.
Mellon Transition Management (MTM), the transition management specialist for BNY Mellon Asset Management, walked away with the award for Transition Management Provider of the Year. This was the second award MTM had received in two days - the previous night, the company had been named Best Transition Manager in the Scheme Services categories at the FT Pension Investment Provider Awards 2009.
The Global Awards judging panel included Dr Werner Frey, CEO of the European Securities Forum and Angela Knight, CEO of The British Bankers Association.
In summary, The Bank of New York Mellon won the following awards:
*Available at http://www.bnymellon.com/news/commentaries/assetservicing/insideengineroom.pdf
Jim Palermo, co-CEO of BNY Mellon Asset Servicing, said: "These awards are further testament to the continued hard work and dedication of everyone within the Asset Servicing team. We recognise that our ongoing success is very much down to us listening closely to our clients and working with them to ensure we can anticipate their needs in what is a demanding and many ways unprecedented business environment. While we are very proud of the broad range of innovative services we have developed to meet the challenges our clients face around efficiency, cost reduction, risk mitigation, liquidity and transparency, we also know that it is imperative to keep getting the fundamentals right, day in, day out."
Art Certosimo, Senior Executive Vice-President and Head of Alternative Investment & Broker-Dealer Services, said: "Receiving both the Hedge Fund Administrator and Broker Dealer Custody & Clearing Provider awards shows that the industry has a profound appreciation of how we continue to meet the needs of our clients as their business models converge and evolve. We are offering a unique combination of administration, custody, collateral management and liquidity services that enables our clients to deliver the services and transparency that investors are seeking."
Mark Keleher, CEO of Mellon Transition Management, commented: "Given the past year's tumultuous markets, and the strain such markets put on many pension plans, it is especially gratifying to be honoured in this way by the financial services community. I believe such an award is a real testament to the fiduciary principals upon which Mellon Transition Management was founded and is fiercely committed to upholding."
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 www.bnymellon.com.