NEW YORK, March 5, 2012 — BNY Mellon, the global leader in investment management and investment services, has been ranked the number one corporate trustee in the United States for 2011, according to Thomson Reuters.
During 2011, the company served as trustee on 1,263 new issues, representing more than $426 billion in proceeds. The company's top trustee ranking reflects lead positions across all significant U.S. debt categories, including public finance, taxable, straight, high yield, investment grade and collateralized debt obligations.
"In a year when the volume of debt issuance largely mirrored the sluggish pace of the U.S. economy, our proven expertise across all debt segments distinguished us and helped us secure the top spot in the rankings," said Eric Kamback, chief executive officer of BNY Mellon Corporate Trust. "Our leadership position in this extremely competitive marketplace demonstrates our ability to meet the needs of our clients and positions us favorably for a rebound in activity moving forward."
BNY Mellon Corporate Trust services $11.8 trillion in outstanding debt from 61 locations in 20 countries. Its clients include governments and their agencies, multinational corporations, financial institutions and other entities that access the global debt capital markets. The corporate trust business utilizes its global footprint and expertise to deliver a full range of issuer and related investor services and to develop customized and market-driven solutions. Its range of core services includes debt trustee, paying agency, escrow and other fiduciary offerings.
Corporate trust providers are appointed by corporations, municipal governments and other entities issuing debt to perform a variety of duties, including servicing and maintaining the debt issue, processing principal and interest payments for investors, representing investors in defaults, and providing value-added services for complex debt structures.
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 $25.8 trillion in assets under custody and administration and $1.26 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 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.