December 02, 2011

BNY Mellon Honoured by Seoul Metropolitan Government and The Child Fund Korea for Its Volunteer Efforts in 2011


Company has a strong history of doing what is right and helping to build a better world

SEOUL, 2 December 2011 — BNY Mellon was amongst ten companies honoured by the Seoul Metropolitan Government and The Child Fund Korea on Thursday 24 November at the 'Now Start' awards ceremony in Seoul.

The 'Now Start' awards refer to volunteer activity that takes place annually during the autumn. Volunteers come together to make kimchi, a traditional Korean dish, for young children at a City and Child Fund Korea sponsored home. Each year Child Fund Korea nominates between five and ten organizations who have contributed consistently with donations, volunteer time and other support, to recognize at this year end event. The Seoul Metropolitan Government makes the final decision in relation to the recipient of the award for the year. Despite its small size of approximately 60 employees, BNY Mellon's Seoul branch has been recognised for its consistent contribution to the children of Seoul with monthly donations and quarterly volunteer activities.

BNY Mellon employees have raised in excess of 9,307,500 KRW (US$8,200) in 2011 to date through a combination of fundraising activities and company matching for the 160 man-hours volunteered for local community causes, in particular in support of the One Love children's home for disabled children, which is supported by BNY Mellon's chosen Korean community partner, The Child Fund Korea, and is located in Hansarang village on the outskirts of Seoul. In addition to this, employees have made significant personal contributions to the charity.

DR YS Kim, country executive for BNY Mellon in Korea, collected the award on behalf of BNY Mellon and commented: "I am very proud to accept this award on behalf of everyone at BNY Mellon. I would like to say a big thank you to our friends, colleagues and clients who kindly sponsored us and cheered us on throughout our fundraising activities, and to our employees who volunteered throughout the year."

"One Love children's home has to raise significant funds every year to keep the place running and every bit of support, both financial and volunteer hours, is vital to help maintain the fantastic care they provide. On a personal note, we are humbled to receive this Now Start award for our community partnership activities in such distinguished company, and I thank the Seoul Metropolitan Government and The Child Fund Korea for this honour," added Dr Kim.

BNY Mellon has a longstanding heritage of philanthropy and community partnership stretching back to the founding of the company in 1784. The company encourages team volunteering and fundraising year-round in the 36 countries in which BNY Mellon operates.

BNY Mellon has been active in Korea for more than 50 years and today provides a wide variety of products and services to Korean institutions including asset management, asset servicing, depositary receipts, treasury services, corporate trust and foreign exchange 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 $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 on www.bnymellon.com or follow us on Twitter @BNYMellon