BNY Mellon appointed to provide US custody services by Bank Hapoalim & Poalim Sahar

Apr 23, 2013, 04:30 ET from BNY Mellon

LONDON, April 23, 2013 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, has been appointed as US custody provider by Bank Hapoalim, the leading financial institution in Israel, and its institutional servicing subsidiary Poalim Sahar.

The mandate encompasses a full suite of core US custody services, including front-end technology solutions and bespoke reporting services for the Israeli marketplace. 

Anath Levin, Member of the Board and Head of Financial Markets at Bank Hapoalim, said: "BNY Mellon's commitment to service quality and innovation, and its ongoing investment in technology and intellectual capital, made it the clear choice for our custody needs in the US."

Samir Pandiri, CEO for Asset Servicing at BNY Mellon, said: "We continue to enhance and refine our investment services offering to ensure we can continue to support our clients in meeting their strategic goals in what is an ever more complex and globalised business environment. This is a welcome opportunity for us to build upon our already close collaboration with Bank Hapoalim by supporting them in this key global market."

Notes to editors:

BNY Mellon's Asset Servicing business supports institutional investors in today's fast-evolving markets, safeguarding assets and enhancing the management and administration of client investments through services that process, monitor and measure data from around the world. We leverage our global footprint and local expertise to deliver insight and solutions across every stage of the investment lifecycle.

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 36 countries and more than 100 markets. As of March 31, 2013, BNY Mellon had $26.3 trillion in assets under custody and/or administration and $1.4 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 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 March 31, 2012. 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. Supervised and regulated by the New York State Department of Financial Services and the Federal Reserve. Authorised by the Prudential Regulation Authority. 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.