BNY Mellon, a global leader in investment management and investment services, has announced that its Treasury Services business has been named Global Best Trade Document Management provider by Global Finance. The editorial review board of Global Finance selects the best trade finance providers, based on input from industry analysts, corporate executives and technology experts. The award was presented to Dominic Broom, Global Head of Trade Business Development and Daniel Verbruggen, Head of Treasury Services Relationship Management Europe, at the Bankers Association for Finance and Trade (BAFT) Global Annual Meeting – Europe, in London.
BNY Mellon’s award-winning trade services help global exporters and importers facilitate their business by expediting the document handling and subsequent settlement process across a global network, encompassing over 1,600 correspondent banks. It processes trade documents across six continents using sophisticated scanning and digitization, delivering trade documents between exporter, importers and their bankers, as well as facilitating supply chain payables and receivables for major corporations.
“Being recognized as the best trade document management provider is an honor,” said Joon Kim, Head of Global Trade Product for Treasury Services. “We pride ourselves in providing optimal processing solutions for our clients as part of our broader trade finance facilitation.”
About BNY Mellon Treasury Services
With locations on six continents and an extensive network of correspondent financial institutions, BNY Mellon's Treasury Services group delivers high-quality performance in global payments, trade services and cash management. It helps clients optimize cash flow, manage liquidity and make payments more efficiently around the world in more than 100 countries. Processing payment transactions in over 120 currencies, the company is a top-five participant in both the CHIPS and Fed funds transfer networks. The company is also a recognized leader in the delivery of private-label treasury services solutions for banks and other large institutional clients.
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 December 31, 2017, BNY Mellon had $33.3 trillion in assets under custody and/or administration, and $1.9 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.