Mar 22, 2010
Six #1 rankings across all global custody providers
LONDON, 2010 March 22 — BNY Mellon Asset Servicing, the global leader in securities servicing, has been ranked #1 overall in six key categories and ahead of its peer group* in a further seven categories in the latest annual R&M Survey of custody clients and fund managers.
BNY Mellon was ranked #1 overall in the following categories:
The company was also #1 within its peer group in these additional categories:
It also finished in the overall Top Three and #1 within its peer group in these categories:
[*Peer group: State Street, JPMorgan, Northern Trust, Citigroup]
The company elicited the highest number of client responses across the survey – 193 compared to a median of 55 responses across the other 11 named providers.
Jim Palermo, co-CEO of BNY Mellon Asset Servicing, said: "Once again we'd like to thank our clients for their unstinting support, as demonstrated by this latest vote of confidence in our organisation. Our continued focus on quality and service excellence has again been acknowledged by the market, and to achieve this level of recognition in such a prestigious independent survey year after year underlines both the breadth and strength of our offering and our commitment to this business.
"These R&M results are also testament to the expertise and dedication of everyone working within our Asset Servicing business, qualities which ensure we can continue to help our clients to seize new opportunities and manage risk in the global markets."
Sample BNY Mellon client survey comments included the following:
The R&M Survey is based on feedback from investment managers, pension funds and other institutional global custody clients. The 2010 survey attracted 888 responses worldwide. Participants were asked to rate global custody providers across a range of service categories. Scores in each of these categories were then combined to produce an overall ranking.
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 $22.3 trillion in assets under custody and administration, $1.1 trillion in assets under management, services $12 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. Additional information is available at 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 December 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