NEW YORK, March 21, 2012 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, announced that it has been named winner of three awards for technology innovation by FTF News, an online newsletter covering securities trading and operations. The FTF News Technology Innovation Awards 2012 recognize IT service providers and thought leaders for outstanding achievement.
Awards were presented in 15 categories. BNY Mellon was the only organization to win three, taking top honors for Best IT Initiative for Hedge Fund Operations, Best Enterprise-Wide Outsourcing Solution, and Service Provider of the Year. Nominations were made by industry professionals and the FTF News editorial team selected finalists. Voting was open to all registered subscribers to FTF News.
"We congratulate BNY Mellon on their three wins," said Maureen Lowe, FTF founder and president and editor-in-chief of FTF News. "In our second year of conducting this awards process, we have found that the functional criteria have become much more demanding. A lot of careful thought and hard effort go into the nomination and voting process."
"Investments in our industry-leading OnCore(SM) platform are resonating with clients who've turned to us to outsource their back- and middle-office operations," said Tim Keaney, CEO of BNY Mellon Asset Servicing. "To win awards for our outsourcing solution as well as service provider of the year is a testament to our talented product management and client-facing professionals worldwide."
"We're pleased that industry experts have again recognized our commitment to innovation across all our businesses," said Brian Ruane, BNY Mellon CEO of Alternative and Broker-Dealer Services. "Our staff around the world are intensely focused on helping hedge fund managers adapt and succeed in an environment of increasing regulations and continued calls from investors for more transparency."
BNY Mellon Alternative Investment Services is a leading servicer of single manager hedge funds, funds of hedge funds, and private equity assets, with more than $450 billion in assets under administration and custody and global operations throughout the Americas, Europe and Asia.
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, offering superior investment management and investment services through a worldwide client-focused team. It has $25.8 trillion in assets under custody and administration and $1.26 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Learn more at www.bnymellon.com or follow us on Twitter @BNYMellon.
SOURCE BNY Mellon