Ten #1 rankings against peer group of large US custodians
LONDON, April 14, 2014 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, has been ranked #1 ahead of its peer group* in the latest annual R&M globalcustody.net survey of custody clients and fund managers.
BNY Mellon was ranked ahead of its peers in 10 categories in the survey, including the Overall and The Experts categories:
Samir Pandiri, CEO of Asset Servicing at BNY Mellon, said: "As always, we'd like to thank our clients for their unwavering support in this prestigious independent survey. Our strong showing this year is testament to the expertise and dedication of everyone working within our business. These remain challenging times for our clients, as they look to manage regulatory change, risk and costs within an ever more complex investment and operating environment. This latest vote of confidence in our company speaks to the breadth of our product offering, our long-term commitment to this business and our steadfast focus on innovation, quality and service excellence."
Now in its 22nd year, the R&M globalcustody.net survey this year received 769 responses worldwide, of which BNY Mellon accounted for 107. Participants were asked to rate global custody providers across 48 different aspects of service provision, including technology, tax reclamation, reporting, settlement, safekeeping, income collection, securities lending, foreign exchange, cash management and fees.
Notes to editors:
BNY Mellon's Asset Servicing business supports institutional investors in today's fast-evolving markets, safeguarding assets and enhancing the management and administration of client investments through services that process, monitor and measure data from around the world. We leverage our global footprint and local expertise to deliver insight and solutions across every stage of the investment lifecycle.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of December 31, 2013, BNY Mellon had $27.6 trillion in assets under custody and/or administration and $1.6 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. 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.
SOURCE BNY Mellon
* Peer group: State Street, JP Morgan, Northern Trust, Citigroup
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 unless otherwise stated as at December 31, 2013. 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. The Bank of New York Mellon is supervised and regulated by the New York State Department of Financial Services and the Federal Reserve and authorised by the Prudential Regulation Authority. The Bank of New York Mellon London branch is subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request.
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