NEW YORK, March 7, 2011 /PRNewswire/ -- BNY Mellon Asset Servicing, the global leader in securities servicing, has been named Best North American ETF Fund Administrator by ETFExpress, an industry publication covering exchange-traded funds (ETFs) and institutional investors.
BNY Mellon at the end of 2010 exceeded $200 billion in exchange-traded fund (ETF) assets under administration, an increase of 46 percent since the beginning of 2010. BNY Mellon is the largest global administrator for ETFs in terms of funds serviced and sponsors supported, providing services to 400 products in the U.S. and nearly 500 total separate portfolios worldwide.
"We continue to see rapid innovation in ETFs, as relatively newer products such as those offering exposure to emerging markets, commodities and certain types of fixed income are now among the fastest-growing segments of the global ETF business," said Joseph Keenan, managing director for BNY Mellon Asset Servicing and head of its global ETF services business.
"We are honored to be recognized as Best North American ETF Administrator," said Keenan. "We will continue to work closely with our clients and new sponsors to help them bring new types of ETFs to market."
ETFExpress is published by Global Fund Media Ltd., an online news publisher serving institutional investors and wealth managers.
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 provides services through BNY Mellon and other related companies.
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, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $25.0 trillion in assets under custody and administration and $1.17 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 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.
SOURCE BNY Mellon