NEW YORK, October 31, 2011 — BNY Mellon, the global leader in investment management and investment services, has announced the launch of its Alliance Program. Under the program, BNY Mellon will join forces with service providers in both the retirement and business process outsourcing (BPO) market segments to allow Alliance participants to offer to their end clients a broader array of products offered by BNY Mellon. This also allows BNY Mellon to expand its reach into new markets and to a broader client base.
BPO companies offer a vast array of tailored services into key vertical markets such as health care, education, finance and accounting. Through the Alliance Program, BPO companies will be able to provide their clients BNY Mellon treasury, trust, custody and capital markets solutions. For the retirement segment, Alliance participants will be able to offer their clients an extensive array of BNY Mellon asset management, asset servicing and plan sponsor support services.
"Alliance participants are looking for innovative solutions in the retirement and business service provider space that allows them to become more efficient. Combining our capabilities with our Alliance participants makes this a reality," said Tom Gallagher, head of BNY Mellon's Alliance Program. "Our Alliance Program enlists not just our own extensive capabilities, but also those of clients and third parties in developing solutions that help our clients succeed."
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 (NYSE: BK). Additional information is available at www.bnymellon.com and through Twitter @bnymellon.
BNY Mellon may also be used as a generic term to reference the corporation as a whole or its various subsidiaries. Products and services may be provided under various brand names, including BNY Mellon Asset Servicing and BNY Asset Management and provided by various subsidiaries and affiliates of The Bank of New York Mellon Corporation.
This press release is for general information and reference purposes only. It is not intended to provide legal, investment or other professional advice. This press release does not constitute an offer or solicitation to buy or sell any products or services mentioned and is not intended for distribution in any jurisdiction or in any circumstances in which such offers or solicitations are unlawful or not authorized.
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