November 15, 2011

BBVA Asset Management Appoints BNY Mellon to Provide Derivatives360 Services


Suite of solutions for global assets valued at EUR23 billion

NEW YORK and LONDON, November 15, 2011 — BNY Mellon, the global leader in investment management and investment services, has been appointed by BBVA Asset Management (BBVA) to provide a comprehensive suite of solutions to BBVA's EUR23 billion global funds range via its Derivatives360 offering.

Through Derivatives360, BBVA will be able to take advantage of a broad range of tailored, middle office services including OTC trade affirmation and confirmation, independent (third-party) valuation, lifecycle event management, portfolio reconciliation, and collateral management and custody. With BNY Mellon's expertise and coordinated approach in servicing derivatives globally, the key benefits for BBVA address its unique needs across multiple global locations, enhance its overall product offering in the alternatives space and provide greater access to local client coverage.

Patrick Tadie, global business head for Derivatives360, said: "BBVA's decision to choose Derivatives360 for its increasingly sophisticated derivatives servicing needs in Spain and Mexico underlines how we are delivering capabilities from across our whole organization to benefit investors and issuers."

César Valcárcel, managing director, Head of Asset Servicing Iberia at BNY Mellon, said:  "We have expanded our successful relationship with BBVA Asset Management into the derivatives space with Derivatives360.  We will support them in respect to credit considerations and product complexity, as well as their emerging needs arising from regulation and on-going industry standardisation. This approach will ensure BBVA benefits from end-to-end support and transparency, before, during and after a trade."

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 $25.9 trillion in assets under custody and administration and $1.2 trillion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available at www.bnymellon.com and through Twitter@bnymellon. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).

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 BNY Mellon International unless otherwise stated as at June 30, 2011. 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.