Sep 14, 2009
Ranked Top in Four Categories and Second in Two in 2009 industry awards
HONG KONG and LONDON, September 14, 2009 — BNY Mellon's Treasury Service group has received top scores in the 2009 Trade and Forfaiting Review (TFR) Magazine’s Annual Trade Finance awards, including Gold for “Most Innovative Trade Bank” and for “Best Trade Bank in Asia”.
The awards categories were based entirely on the votes of readers making the TFR Awards the only one of its kind in trade finance. TFR commented, “…The Bank of New York Mellon polled especially well across the board – perhaps reflecting the relative prudence and strength of (this bank) during the recent financial crisis…”
The full list of awards are as follows:
“It is particularly gratifying to have achieved this success in the midst of such market turmoil," said David Cruickshank, Head, Global Sales and Relationship Management, Treasury Services for BNY Mellon. “Clients are now distinguishing our services for their quality, innovation and responsiveness and the TFR awards reflect that focus.”
With locations in 34 countries on six continents and a network of more than 2,000 correspondent financial institutions, BNY Mellon's Treasury Services group delivers high-quality performance in cash management, global payments, trade services, capital markets, foreign exchange and derivatives. It helps clients optimize cash flow, manage liquidity and make payments more efficiently around the world in more than 100 currencies. Processing more than $1.8 trillion in payments transactions on a daily basis, the company is a top-five participant in both the CHIPS and overall funds transfer markets, and is a recognized leader in the delivery of white-label treasury services solutions for banks and other large institutional clients.
In August 2009, BNY Mellon’s Treasury Service group received top scores in the independent research firm Warabak Research’s 2009 Bank Leader Survey, ranking no. 1 in nine of 14 categories, including client service, operating quality, product leadership/innovation and overall satisfaction.
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. 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 $20.7 trillion in assets under custody and administration, $926 billion in assets under management, services more than $11.8 trillion in outstanding debt, and processes global payments averaging $1.8 trillion per day. Additional information is available at 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 as at 30 June 2009 unless otherwise stated.
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.