December 15, 2011

BNY Mellon Ranked #1 Fund Administrator in Ireland


Company #1 fund administrator in Ireland for four consecutive years

DUBLIN, December 15, 2011 — BNY Mellon, the global leader in investment management and investment services,  has secured the number one fund administrator position in Ireland for the fourth consecutive year.  The company has US$404.2 billion in assets under administration in Ireland across 960 domiciled and non-domiciled funds according to Lipper's 2011 Ireland Fund Encyclopaedia.  BNY Mellon has US$25.9 trillion in assets under custody and administration worldwide.

The annual report by Lipper, the Thomson Reuters research company, reveals that BNY Mellon has a 21.76% market share by asset value.  Lipper's Ireland Fund Encyclopaedia provides the only comprehensive analysis of service providers for all funds serviced in Ireland.  The market share rankings based upon 30 June 2011 data highlight that the total asset value of the 6,289 funds under administration in Ireland (domiciled and non-domiciled) is $1.85 trillion compared with $1.44 trillion over 6,019 funds for the comparative period in 2010. 

"Despite the ongoing economic challenges in Ireland, the funds industry continues to thrive and play an increasingly important role in the wider European industry, with client confidence steadily improving.  In 2011 we continued to invest in Ireland to ensure our clients had access to a highly skilled and dedicated workforce as well as the most sophisticated risk analytical, measurement and reporting tools they need to address increasing industry regulations," said Rachel Turner, Head of BNY Mellon's Fund Servicing team in Ireland.

"Our number one ranking for combined domiciled and non-domiciled funds is indicative of our commitment to delivering excellent service and support to our clients as they continue to demand transparency, greater control and more robust governance frameworks for their alternative investments," added Mark Mannion, Head of Relationship Management EMEA for BNY Mellon Alternative Investment Services.

BNY Mellon opened its first office in Ireland in 1994 and received approval from the Irish Financial Regulator to establish a new bank licensed entity in Ireland in 2009.  The company currently employs over 1,800 employees in Ireland, located in Cork, Wexford, Navan, and Dublin and offers a broad range of services to traditional and alternative asset managers, banks, pension funds and insurance companies including asset servicing, corporate trust, depositary receipts and treasury services.

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 on www.bnymellon.com or follow us on Twitter @BNYMellon.

This press release is issued by The Bank of New York Mellon to members of the financial press and media. All information and figures source BNY Mellon International unless otherwise stated as at September 30, 2011. The Bank of New York Mellon, London Branch, registered in England and Wales with FC005522 and BR000818. Branch office: One Canada Square, London E14 5AL. Authorised and regulated in the UK by the Financial Services Authority.