NEW YORK, July 11, 2017 – BNY Mellon, a global leader in investment management and investment services, has been named “Best Global Bank for Depositary Receipts” for 2017 by Global Finance magazine for the second year in a row. BNY Mellon’s Depositary Receipts business was recognized for its unparalleled ability to efficiently connect issuers, brokers and investors to the world’s capital markets.
Overall, BNY Mellon took home four first place honors from Global Finance magazine’s annual award program. In addition to “Best Global Bank for Depositary Receipts,” BNY Mellon was additionally honored as “Best Global Securities Lender,” “Best Global Corporate Trust Provider,” and “Best Securities Lender.”
“Depositary receipts remain integral to investment portfolios due to their low cost, convenience and liquidity value proposition,” said Christopher M. Kearns, CEO of BNY Mellon’s Depositary Receipts business. “We are proud to be recognized for the second straight year for our best-in-class depositary receipt services, which helps reaffirm why the majority of global issuers have selected BNY Mellon as their preferred partner of choice.”
In announcing the 2017 winners in various financial services categories, Joseph D. Giarraputo, publisher and editorial director of Global Finance said, “These awards cover the full breadth of securities services at the global level – from custody and collateral management to prime brokerage, securities lending and corporate trust services. We recognize those providers that do the best job of meeting their clients’ needs in increasingly complex global markets.”
BNY Mellon acts as depositary for more than 1,000 American and global sponsored depositary receipt programs as of March 31, 2017. Working with leading companies from 64 countries, BNY Mellon is committed to helping securities issuers access the world's rapidly evolving financial markets with a comprehensive suite of depositary receipt services. Learn more at www.bnymellon.com/dr.
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, 2017, BNY Mellon had $30.6 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. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.