NEW YORK, June 20, 2011 — BNY Mellon has been honoured with four awards at International Custody & Fund Administration magazine's Americas Service Provider Awards (ASPAs).
At a ceremony in New York, BNY Mellon received the following awards:
- Custodian of the Year – US
- Broker/Dealer Custody & Clearing Provider – US
- Hedge Fund Administrator
- Pension Fund Custodian of the Year
The ASPAs recognise the steady growth and achievements of service providers in both North and South America.
Tim Keaney, CEO at BNY Mellon Asset Servicing, said: "This is a particularly pleasing result in what is still our Asset Servicing business' largest market. Our acquisition last July of PNC Global Investment Servicing made us the #2 provider of fund accounting, administration and transfer agency globally, and that transaction is central to our ongoing strategy for growth within the US. We are in a real position of strength today in terms of providing innovative solutions and high quality service to our financial institution and pension clients here in the US, and we will continue to build on that going forward."
Brian Ruane, CEO of BNY Mellon Alternative and Broker-Dealer Services, said: "We're honoured to be recognized again by ICFA. We've worked hard to deliver the tools, technology and transparency clients and investors are demanding, including innovative solutions such as 'prime custody' and our new middle office offering. Our hedge fund assets under administration are now in excess of $400 billion, making us the #3 alternative fund servicer in the world, and as the leading provider of tri-party collateral management services we process $1.8 trillion in global tri-party balances every day."
Awards winners were selected by a panel of four US-based experts: Josh Galper, managing principal at consultant Finadium; Joyce Heinzerling, principal at Meridian Fund Advisors; Scott Englehart, president at Beacon Hill Fund Services; and Michael Talbot, managing director, financial services advisory, Navigant Consulting.
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 $25.5 trillion in assets under custody and administration and $1.2 trillion in assets under management, services $11.9 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