FRANKFURT, May 22, 2012 — BNY Mellon, the global leader in investment management and investment services, has launched a German-language version of its Workbench online reporting platform.
In addition to adding local language functionality for German clients, the new offering offers additional reporting capabilities in respect of derivatives transactions and invoice information.
Over the coming weeks, more than 200 client institutions will go live with the new German-language platform. Going forward, they will be able to choose to translate all aspects of their online experience, including receiving custody, KAG and depotbank reports, viewing news, responding to corporate actions, entering instructions, and confirming market and account information in either German or English.
Michelle Grundmann, Managing Director at BNY Mellon Asset Servicing in Germany, said: "Rolling out a German language version of Workbench has been a key priority during the integration programme following our acquisition of BHF Asset Servicing. In addition to the functionality we are making available to them today, we are already working on developing additional capabilities to further expand the German platform."
Workbench serves as an online portal through which clients can access fund accounting and custody related information in a quick and user-friendly fashion. Information on capital changes, orders, local market intelligence and new regulatory proposals and reforms is also available.
BNY Mellon has been serving clients in Germany since 1931. The company opened its first office in Frankfurt in 1972. Following its acquisition in August 2010 of BHF Asset Servicing and Frankfurter Service KAG, the company now has more than 550 employees in Germany. In addition to asset servicing, depotbanking, fund administration and asset management, BNY Mellon is active in Germany in the areas of corporate trust, treasury services, collateral management, depository receipts and client management. It has over 200 institutional relationships in Germany, including more than 20 DAX-listed corporations, and offers regional coverage for 14 countries in the German speaking and Central Eastern and South Eastern European region.
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 $26.6 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.9 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.
This press release is issued by The Bank of New York Mellon SA/NV to members of the financial press and media. All information and figures source BNY Mellon International unless otherwise stated as at March 31, 2012. The Bank of New York Mellon SA/NV is a Belgian public limited liability company (société anonyme/naamloze vennootschap), with V.A.T. number BE 0806.743.159 and company number 0806.743.159 Brussels RPM-RPR, with statutory address 46 Rue Montoyerstraat, B-1000 Brussels, Belgium, authorized and regulated as a credit institution by the National Bank of Belgium (NBB), and a subsidiary of The Bank of New York Mellon, a banking corporation organized under the laws of the State of New York, with head office at One Wall Street, New York, NY 10286, U.S.A. BNY Mellon Asset Servicing is the brand name of The Bank of New York Mellon SA/NV.