Ten medals include gold for best trade services and best trade bank in North America, silver for most innovative trade bank, best trade bank in APAC and Middle East, best online trade provider and best bank for supply chain finance
LONDON and HONG KONG, 29 July 2011 — BNY Mellon, the global leader in investment management and investment servicing, has captured ten top-three rankings — most of any service provider — in Trade & Forfaiting Review magazine's 2011 survey of trade finance providers. BNY Mellon received gold medals for best trade services provider and best trade bank in North America, and silver for most innovative trade bank, best trade bank in APAC and Middle East, best online trade provider, and best bank for supply chain finance.
"Our growth strategy for trade finance focuses on both geographic regions and product and service innovation," said Alan Verschoyle-King, Global Head of Sales & Relationship Management, BNY Mellon Treasury Services. "Scoring high marks in the geographic and service categories in this year's TFR survey suggests that our strategy is well aligned with our clients' priorities. Building on our success with previous surveys – six top-three finishes in 2009, and ten top-threes in 2010, this year's results reflect our sustained commitment to leadership in the trade finance space."
Covering 30 separate service and geographic categories, the TFR Awards are based entirely on verified votes from readers of Trade & Forfaiting Review — mainly corporates, banks and other financial institutions involved in international trade finance globally. Complete results of this year's survey will appear in the magazine's July issue.
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 currencies. Processing more than $1.7 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 $26.3 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.