BNY Mellon wins Most Innovative Project of the Year award for its CSD at the 2013 Custody Risk European Awards
BNY Mellon Broker-Dealer Services named Clearing Provider of the Year for fourth time in five years
BNY Mellon also named Benelux custodian of the year
LONDON, Dec. 16, 2013 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, has taken top honours in three key categories at Custody Risk magazine's European Awards 2013.
BNY Mellon's Central Securities Depositary (CSD) entity, which launched in January 2013 was named Most Innovative Project of the Year. BNY Mellon CSD SA/NV offers issuer, settlement and safekeeping services for the benefit of all market participants across Europe and the wider global marketplace.
BNY Mellon's Broker-Dealer Services business took the award for Clearing Provider of the Year for the fourth time in five years.
BNY Mellon was also named Custodian of the Year: Benelux.
Hani Kablawi, head of Europe, Middle East and Africa for BNY Mellon's Asset Servicing business, said: "Our clients are today operating in an extremely challenging environment in respect of regulation, risk management and cost control. Our CSD, alongside our expanding suite of innovative solutions around collateral management, fund distribution, compliance and tax, underlines BNY Mellon's commitment to changing the rules of the game when it comes to helping our clients to transform and grow their businesses."
Adds Scott Coey, head of Broker-Dealer Services EMEA at BNY Mellon subsidiary Pershing: "In 2013 we have built on our strengths across business lines to deliver a comprehensive clearing service for all asset classes, exchanges and markets. Being named Clearing Provider of the Year at the Custody Risk European Awards is welcome acknowledgement of our position as a pre-eminent provider of global clearing solutions and our focus on delivering outstanding client service."
Notes to editors:
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 30, 2013, BNY Mellon had $27.4 trillion in assets under custody and/or administration and $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.
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 BNY Mellon unless otherwise stated as at September 30, 2013. 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. The Bank of New York Mellon is supervised and regulated by the New York State Department of Financial Services and the Federal Reserve and authorised by the Prudential Regulation Authority. The Bank of New York Mellon London branch is subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request.
SOURCE BNY Mellon