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The Bank of New York Mellon's Leadership in Foreign Exchange Reflected in 2009 Global Investor Magazine FX Survey Results

Posted on: Wednesday, 18 March 2009, 07:03 CDT

Commitment to client service drives first-place rankings in 20 of 24 survey categories, including Best FX Service Overall

NEW YORK, March 18 /PRNewswire-FirstCall/ -- The Bank of New York Mellon's leadership as a provider of foreign exchange services has been underscored by first place rankings in 20 of 24 categories in Global Investor magazine's 2009 Foreign Exchange Survey, including Best FX Service Overall. Survey respondents represent a broad sampling of global asset managers and hedge funds. Results of this year's survey appear in the March issue of Global Investor.

Other top rankings awarded to The Bank of New York Mellon include best overall service to both real money and hedge funds; best sales coverage; best trading in all market categories; best risk management; and best in nine of 11 advice, research, analysis, technology, and strategy categories, including best in a new category, capital flow research.

"Foreign exchange expertise is an important part of the value proposition we offer our clients across many of our key businesses, such as asset servicing, issuer services and treasury services," said Jorge Rodriguez, managing director and head of global foreign exchange sales for The Bank of New York Mellon. "Maintaining and strengthening our leadership position in foreign exchange during a period of unprecedented market volatility and trading volumes has been a unique challenge. Our rankings reflect our Global Markets team's unrelenting focus on the question we take to the market every day: who's helping you?"

The Global Markets division encompasses The Bank of New York Mellon's foreign exchange, interest-rate and equity risk management businesses. Maintaining sales and trading desks around the world and active in more than 100 currency markets, Global Markets is a major presence in world financial centers and provides a full array of trading, research and e-commerce products to institutional fund managers, corporations and government entities throughout the world. Additional information is available at www.bnymellon.com/globalmarkets.

The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $20.2 trillion in assets under custody and administration, $928 billion in assets under management, services more than $11 trillion in outstanding debt, and processes global payments averaging $1.8 trillion per day. Additional information is available at www.bnymellon.com.

Foreign exchange and other Global Markets products and services are provided by subsidiaries of The Bank of New York Mellon Corporation.

SOURCE The Bank of New York Mellon Corporation

Source: PR Newswire

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