LONDON, September 27, 2011 — BNY Mellon, the global leader in investment management and investment services, announced today that it will now provide custody and settlement services direct in the Netherlands.
The company has established a direct contractual arrangement with Euroclear Netherlands enabling its Broker-Dealer Services clients more timely access to the Dutch market, through maximising pre-matching and turnaround capabilities. Clients in this market will have the ability to use a later deadline for security instructions and will benefit from quicker updates for transaction reporting.
Commenting on the development, Drew Demko, Global Head of Sales and Business Manager for Europe, Middle East and Africa (EMEA) BNY Mellon Broker-Dealer Services said, "We are continually looking at ways of improving service and delivery to our clients. It is our goal to support all of their operational, technology and funding needs and this is an important step for clients wishing to access the Dutch market and ties in with BNY Mellon's strategic focus in moving closer to market for our global clearing product."
BNY Mellon Broker-Dealer Services is a leading provider of tri-party collateral management services, servicing more than $1.8 trillion in tri-party balances worldwide. It is a leader in both global securities and US Government securities clearance. BNY Mellon Broker-Dealer Services clears and settles equity and fixed income transactions in over 100 markets and handles most of the transactions cleared through the Federal Reserve Bank of New York, for 16 of the 20 primary dealers.
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 $26.3 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.7 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com and through 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 The Bank of New York Mellon as at 30 June 2011 unless otherwise stated. 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.