Named European Custodian of the Year for second year running
Retains Fund Administrator: Ireland crown for seventh consecutive year
LONDON, December 3, 2012 — BNY Mellon, the global leader in investment management and investment services, has received two key awards at Custody Risk magazine’s European Awards 2012.
BNY Mellon was named European Custodian of the Year and Fund Administrator of the Year: Ireland. The magazine commented: “BNY Mellon continues to be a leader in product development whilst growing its asset base [and as] the market leader in Ireland once again proved it is worthy of this title over the last 12 months.”
This is the second and seventh consecutive year respectively that the company has received the European Custodian and Fund Administrator: Ireland awards from Custody Risk (formerly known as International Custody & Fund Administration).
Hani Kablawi, Head of Europe, Middle East and Africa for BNY Mellon’s Asset Servicing business, said: “These are challenging times for our clients given the complex environment in which they operate and the issues they face around regulatory compliance, risk management and cost control. More than ever custodians like BNY Mellon need to deliver forward-thinking and scaleable solutions so our clients can seize new opportunities to grow and transform their businesses. Our strong showing in this respected and long-running survey underlines our outstanding investment services capabilities and is testament to the hard work of our Asset Servicing employees across Europe.”
Rachel Turner, Head of Offshore, Asset Servicing at BNY Mellon, added: “Service excellence has long been the keystone of our approach in Ireland and we are delighted that our commitment in this area has been honoured once again.”
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 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 $27.9 trillion in assets under custody and administration and $1.4 trillion in assets under management, services $11.6 trillion in outstanding debt and processes global payments averaging $1.4 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available on www.bnymellon.com or follow us on Twitter @BNYMellon.