Depositary receipts market leader has won the award eight of the last nine years
NEW YORK and LONDON, May 4, 2016 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, has captured emeaFinance Magazine's 2015 Achievement Award for Best Depositary Receipt Bank. BNY Mellon has garnered the title in eight of the last nine years.
"Depositary receipts remain a key channel linking investors with developing market success stories, and BNY Mellon again showed its skills in structuring ground-breaking programs," said Christopher Moore, publisher and CEO of emeaFinance Magazine. "Highlights included new clients such as Romania's Fondul Proprietatea, the first Global Depositary Receipts (GDR) program on a closed-end investment fund to be listed on the LSE's specialist fund market, and Edita Food Industries, the first GDR capital raising by an Egyptian company since 2008.
"We're pleased to recognize these achievements by naming BNY Mellon as Best Depositary Receipt Bank," he added.
"We strive daily to be a leader in connecting issuers and investors to the world's capital markets, and recognition such as this by emeaFinance is another strong indicator of our success," said Christopher M. Kearns, CEO of BNY Mellon's Depositary Receipts business. "We're proud to again be named winner of this award and thank our global team of professionals for their relentless focus on helping clients."
BNY Mellon acts as depositary for more than 2,600 American and global depositary receipt programs as of March 31, 2016. Acting in partnership with leading companies from over 65 countries, BNY Mellon is committed to helping securities issuers access the world's rapidly evolving financial markets and delivers a comprehensive suite of depositary receipt services. Learn more at www.bnymellon.com/dr.
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 March 31, 2016, BNY Mellon had $29.1 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). Learn more at www.bnymellon.com/newsroom.
This release is for informational purposes only. BNY Mellon provides no advice nor recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities. Depositary Receipts: Not FDIC, State or Federal Agency Insured; May Lose Value; No Bank, State or Federal Agency Guarantee. BNY Mellon provides no advice nor recommendations or endorsement with respect to any company, security or products based on any index licensed by BNY Mellon, and we make no representation regarding the advisability of investing in the same.
SOURCE BNY Mellon