Awarded "Best Global Custodian in Asia" for fifth year running
HONG KONG, April 2, 2012 — BNY Mellon has received top industry recognition at The Asset magazine's Triple A Transaction Banking Awards 2012 scooping seven accolades including Best Global Custodian in Asia for the fifth consecutive year.
Chong Jin Leow, Head of Asset Servicing – Asia-Pacific at BNY Mellon, was named Custodian Banker of the Year with The Asset citing the award was in recognition for managing and building BNY Mellon's Asset Servicing business in Asia through boom and bust times, notably after the 2008 global financial crisis.
In the regional categories, BNY Mellon's Corporate Trust division also walked away with the trophies for Australia, Korea and the Best Corporate Trust Mandate for Korean Airlines (KAL) 20 billion yen (US$245 million) ABS of future air cargo ticket receivables. BNY Mellon's depositary receipt business won Best GDR Bank and Best DR Bank – India.
"Winning the coveted best global custodian award for the fifth year in a row, recognises our consistent commitment to delivering leading technology and services to our clients," said Steve Lackey, Chairman of Asia-Pacific at BNY Mellon. "Additionally, the Custodian Banker award recognises Chong and his team which have been instrumental in actively positioning BNY Mellon as the industry's premier asset servicing provider in Asia-Pacific."
Chong Jin Leow, added: "We are truly honoured to win the global custodian of the year for the fifth time. This recognition is testament to the expertise and dedication of everyone working within our asset servicing business, qualities which ensure we can continue to help our clients to manage risk in the global markets and achieve their growth ambitions."
The Asset magazine is one of Asia's leading monthly financial markets magazines.
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.