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BNY Mellon Asset Servicing Ranked #1 Global Custodian Against Its Peers in Eight Categories in 2009 Global Investor Global Custody Survey

Posted on: Tuesday, 12 May 2009, 09:33 CDT

Three overall #1 rankings, five further #1 rankings against peers

LONDON, May 12 /PRNewswire-FirstCall/ -- BNY Mellon Asset Servicing, the global leader in securities servicing, shared the highest number of #1 rankings -- eight in total -- within its peer group of the world's five largest global custodians in Global Investor magazine's 2009 Global Custody Survey of investment managers, insurance companies and pension funds.

BNY Mellon Asset Servicing was ranked #1 out of all nine surveyed global custody providers in the Sole: Overall (Weighted), Sole: Americas (Weighted) and Asia (Unweighted) categories.

In addition, BNY Mellon was ranked #1 amongst its peers* in the following categories:

• Overall (Unweighted)
• Billionaire's Club (Unweighted)
• Americas (Unweighted)
• Institutional Asset Managers (Unweighted)
• Institutional Fund Managers: Americas (Unweighted)

* State Street, JP Morgan, Northern Trust & Citigroup

Sample client quotes submitted by survey respondents included:

• "Overall, this is our top custodian"
• "We were very impressed when [BNY Mellon] created a client service team purely to service our business. The team is made up of highly experienced individuals who provide excellent service"
• "Our current relationship manager is excellent. He understands our business and is very effective at solving problems"

Jim Palermo, co-CEO of BNY Mellon Asset Servicing, said: "Service excellence and innovation remain the cornerstones of our asset servicing business, and these latest survey results underline once again the unwavering dedication displayed by everyone within our Asset Servicing team. This latest vote of confidence by our clients is particularly pleasing given the challenging business environment over recent months, and we will continue to work diligently to support them to ensure they can achieve their goals going forward."

BNY Mellon's strong showing in this year's annual Global Investor survey results follow the company's top ranked performance in both Global Custodian magazine's 2008 Global Custody Survey -- published in January -- and the 2008 R&M Survey, which appeared in March.

Notes to editors

BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services. BNY Mellon Asset Servicing offers its products and services through The Bank of New York Mellon and other subsidiaries of The Bank of New York Mellon Corporation.

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 $19.5 trillion in assets under custody and administration, $881 billion in assets under management, services more than $11 trillion in outstanding debt and processes global payments averaging $1.8 trillion a day. Additional information is available at www.bnymellon.com

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 unless otherwise stated as at March 31, 2009. 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.

SOURCE The Bank of New York Mellon Corporation

Source: PR Newswire

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