Recognition Provided by The Asian Banker Magazine and Advisory Council of the Asian Banker Transaction Banking Awards
HONG KONG, 23 May 2012 — BNY Mellon, the global leader in investment management and investment services, has been recognized as Best International Transaction Bank in Asia-Pacific. The recognition was awarded by The Asian Banker magazine as part of The Asian Banker International Achievement Awards for Transaction Banking 2012.
Selection is based on strengths in cash management, payment and trade finance services, corroborated by scores on a survey of correspondent banks in the region. The survey measures the extent and depth of correspondent banking relationships, as well as overall satisfaction. The award was presented last month at The Asian Banker Summit 2012 in Bangkok, and coverage of this year's awards appears in the May issue of The Asian Banker.
"We've repeatedly emphasized the indispensable role of local and regional banks as part of the global transaction banking ecosystem," said A. Richard Brown, managing director for BNY Mellon's Treasury Service group in Asia-Pacific. "Strengthening the ability of client banks to succeed in today's demanding global environment has been a strategic focus for the past several years. The Asian Banker award is an important validation of our efforts in that regard, and will motivate our product and sales & relationship management team to continue building on our success — and that of our clients — going forward."
With locations on six continents and a network of more than 2,000 correspondent financial institutions, BNY Mellon's Treasury Services group delivers high-quality performance in global payments, trade services, cash management, capital markets, foreign exchange and derivatives. It helps clients optimize cash flow, manage liquidity and make payments more efficiently around the world in more than 100 countries. Processing more than $1.4 trillion in payments transactions on a daily basis, the company is a top-five participant in both the CHIPS and overall funds transfer markets, and is a recognized leader in the delivery of white-label treasury services solutions for banks and other large institutional clients.
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. Additional information is available on www.bnymellon.com or follow us on Twitter@BNYMellon.