Company steadily investing in its collateral solutions to help institutions impacted by regulatory change and the need for and effective deployment of collateral
HONG KONG, December 17, 2013 - BNY Mellon, the global leader in investment management and investment services, has been awarded the accolade for 'Best Collateral Management' in AsianInvestor magazine's 2013 Service Provider Awards.
Dominick Falco, Asia-Pacific head of Global Collateral Services, BNY Mellon, said: "We are honoured to be regarded as the company setting the industry standard for excellence in collateral services in Asia-Pacific. We thank the judges for this highly coveted and respected recognition."
This award follows BNY Mellon being named as 'Collateral Manager of the Year' in Asia Risk magazine 2013 awards in November 2013. The company received this accolade for helping clients meet localised liquidity requirements and global liquidity needs through its collateral management platforms in Asia-Pacific.
Looking ahead to 2014 and trends in the collateral services space, Falco noted: "Regulators are increasingly mandating additional requirements for collateral in order to reduce the risk of negative systemic events impacting the market. Accordingly, these mandates are triggering an unprecedented need for and effective deployment of collateral around the world."
"The challenge is having the infrastructure to 'unlock' these assets, which is where BNY Mellon can help. We will continue to work closely with clients, regulators and the industry to develop innovative solutions that address emerging collateral needs," added Falco.
BNY Mellon's Global Collateral Services business offers a comprehensive suite of capabilities to help its clients address their collateral, liquidity and securities financing needs. As they face evolving global regulations and rapidly changing market requirements, clients can leverage BNY Mellon's solutions to better manage counterparty and market risk in their collateral transactions, engage in more investment opportunities to help maximize their investment returns and access new financing alternatives. BNY Mellon currently services USD$2 trillion in tri-party collateral globally and approximately USD$100 billion in assets through its Liquidity DIRECTSM investment portal, and operates one of the industry's largest securities lending programs, with USD$2.5 trillion in lendable assets.
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 September 30th, 2013, BNY Mellon had USD$27.4 trillion in assets under custody and/or administration, and USD$1.5 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.