December 05, 2014

BNY Mellon Named Collateral Services Provider of the Year at the 2014 Custody Risk European Awards

BNY Mellon Broker-Dealer Services named Clearing Provider of the Year for fifth time in six years


LONDON, December 5, 2014 – BNY Mellon, the global leader in investment management and investment services, has won the top award in three key categories at Custody Risk magazine’s European Awards 2014.

BNY Mellon was named Collateral Services Provider of the year, in recognition of its innovative collateral management solutions for institutions’ evolving liquidity and risk requirements.

For the fifth time in six years, the Broker-Dealer Services business took the award for Clearing Provider of the Year.

BNY Mellon also took the award for Custodian of the Year: Germany.

This is the fifth award BNY Mellon has received for its global collateral services offering over the past 12 months. During that period, the company has been named 2014 Collateral Manager of the Year by Asia Risk magazine; Best Collateral Management Provider in the 2014 Global Investor/ISF Tri-party Survey; was commended as Best in Collateral Management in Asia in The Asset Triple A Asset Servicing Awards; and took the Best Collateral Management award in AsianInvestor magazine's 2013 Service Provider Awards.

Jim Malgieri, executive vice president and head of Service Delivery and Regional Management for BNY Mellon’s Global Collateral Services business, said: “Since we established Global Collateral Services (GCS) in 2012 the business has gone from strength to strength – with collateral balances increasing by almost 19% over the past two years – and this latest award underlines our success in continuing to deliver innovation and value to the world’s most sophisticated broker dealers, banks, intermediaries and hedge funds. Since this summer, GCS has been an integral part of our new Markets Group, and it will remain central to our strategy of delivering a set of unique capabilities and solutions to our clients to help them efficiently manage their capital, risk and liquidity.”

Scott Coey, head of Broker-Dealer Services EMEA at Pershing and BNY Mellon, said: “As a market leader in delivering global clearing and custody to the broker-dealer sector, we are pleased to be recognised for our outstanding solutions.  We understand the challenges and significant changes our clients face and their need to adapt to new business and regulatory models. Our partnership with our clients is key. Our commitment to providing not only solution flexibility and scalability, but also operational efficiency with a disciplined focus on risk management and control, is at the heart of our relationship with them.  We are determined to continue to provide outstanding service to support our clients’ growth today, and into the future.”

Thomas Brand, head of Investment Services in Germany for BNY Mellon, said: “Germany is an absolutely key market for BNY Mellon, as demonstrated by the comprehensive range of solutions and custody services we offer our German clients across the investment lifecycle. Our strong roots in Germany mean that we combine deep local expertise with the scale and reach of a global provider. The German market is characterized by asset managers investing both locally and globally and a large number of small and medium-sized institutional investors – regional occupational pension schemes, corporate pension funds, churches, foundations and business federations.

“These market participants are managing highly diversified portfolios across multiple jurisdictions and regions, and accordingly need a partner for custody services with access to the global capital markets. With our strong balance sheet and excellent credit rating, alongside our commitment to ongoing investment in new capabilities and high-quality service, our full-service offering here in Germany is very attractive to institutions as they look to address the challenges and opportunities presented by ongoing regulatory and market changes.”

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 Sept. 30, 2014, BNY Mellon had $28.3 trillion in assets under custody and/or administration, and $1.6 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 or follow us on Twitter @BNYMellon.