Takes pole position in Single Custodian & AuM Greater than $3 billion categories
LONDON, June 4, 2015 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, took the top spot in this year's Global Investor/ISF Global Custody Survey in the Europe, Middle East & Africa (EMEA) (Weighted) and the Single Custodian (Weighted) categories.
BNY Mellon also topped the Weighted rankings for clients with Assets under Management (AuM) Greater than $3 billion in the Global, EMEA and Asia-Pacific categories. The company also topped the Raw Data rankings in this category in Asia-Pacific.
The company was the highest rated provider in the following Weighted service categories:
BNY Mellon was also ranked #1 versus peers in the following Raw Data categories:
Hani Kablawi, EMEA head of Asset Servicing at BNY Mellon, said: "The EMEA region is a key engine for growth for our business – two-thirds of the global top 50 asset managers operate across the region and it is also home to some of the world's largest and most sophisticated sovereign wealth and occupational pension funds. We have a strong and established client base here, with many long-term and valued relationships, which we support via a broad range of sophisticated solutions. This strong showing in the latest Global Investor survey underlines our commitment to high quality service and innovation, and to adding value to our clients' businesses as they look to achieve their strategic goals."
"Recognition in these key APAC categories is testament to our commitment to excellence when it comes to supporting our clients in the region," said Michael Chan, head of Asia-Pacific, Asset Servicing at BNY Mellon. "Service excellence has long been the bedrock of our business in Asia-Pacific, and it is gratifying to see that recognised in this prestigious survey. We remain invested in our clients' success and will continue to focus on expanding our capabilities to support their current and emerging needs in line with market developments in the region."
Survey respondents were asked to rate custodians over 18 service categories. Respondents identifying themselves as a 'mutual fund manager' or 'institutional fund manager' accounted for 43% of submissions. Banks/broker-dealers and pension funds accounted for a further 23% of responses.
Notes to editors:
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of March 31, 2015, BNY Mellon had $28.5 trillion in assets under custody and/or administration and $1.7 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com or follow us on Twitter @BNYMellon.
Contact: Tim Steele
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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 unless otherwise stated as at March 31, 2015.
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. The Bank of New York Mellon is supervised and regulated by the New York State Department of Financial Services and the Federal Reserve and authorised by the Prudential Regulation Authority.
The Bank of New York Mellon London branch is subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority.
Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request.
SOURCE BNY Mellon