Aug 18, 2011
Company 'the best firm' according to medium and large financial institutions
HONG KONG, 18 August 2011 — BNY Mellon's Treasury Services group has received top industry recognition in Asiamoney's 2011 Cash Management Poll, claiming six first places – as voted by financial institutions - in the following categories:
According to Asiamoney, a record-breaking number of corporates and financial institutions voted in this year's Cash Management Poll, making it the largest survey of its kind in Asia-Pacific. In all, 725 financial institutions and 5,089 corporates participated. The poll received particularly strong response rates from China, Malaysia and Thailand.
"Our treasury services business in Asia-Pacific is really gathering momentum, and accolades such as these show just how far we have come in a very short space of time," said A. Richard Brown, Managing Director, BNY Mellon's Treasury Services business in Asia-Pacific. "We believe our strength lies in our focus on providing outstanding service quality, and our positioning as a true partner with local banks, rather than trying to both serve them whilst also trying to compete with them as a local bank."
Setting out his ambitions for the future, Brown added: "At BNY Mellon we have a very simple goal – to be considered the leader in all the financial disciplines in which we specialize and in all markets in which we operate. In Asia-Pacific, we will continue to build on the strong foundations we have established with the goal of achieving deeper penetration across the full spectrum of treasury and payments products. Our proposition - that we are a stable, strongly rated bank with a sharp focus on working with partner banks to help them grow their businesses - is proving to be a compelling draw for institutions both in Asia and from around the world."
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 $1.7 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.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $26.3 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.7 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com and through Twitter @bnymellon.