Placed #1 against all global custody providers in 10 categories
LONDON, May 30, 2012 — BNY Mellon, the global leader in investment management and investment services, has secured 17 #1 rankings within its peer group of the world's five largest global custodians* in Global Investor magazine's 2012 Global Custody Survey of investment managers, insurance companies and pension funds.
BNY Mellon was ranked #1 out of all surveyed global custody providers (including peers) in the following categories:
BNY Mellon was also ranked #1 amongst its peers in the following categories:
[*Peer group – State Street, JP Morgan, Northern Trust & Citi]
Tim Keaney, Vice Chairman of BNY Mellon and CEO of BNY Mellon Asset Servicing, said: "These results are testament to our ongoing commitment to service excellence and product innovation as we help our clients address and overcome the challenges they face day-to-day around increasing complexity. That dual focus, along with our financial strength and stability, is very attractive to the market and has resulted in us taking on $1.2 trillion in new business over the past 12 months.
"We will continue to work diligently with our clients to assist them in achieving further success in the future. I'd like to thank all our clients around the world for their continued support, and everyone within our Asset Servicing business globally for their dedication and hard work."
Almost 700 responses were received for the 2012 Global Investor Global Custody survey, which was conducted by Trade Data.
BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution 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 $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 (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 March 31, 2012. 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.