NEW YORK, June 25 /PRNewswire-FirstCall/ -- BNY Mellon, the global leader in securities servicing, announced that it has won the 'Outsourcing Deal of the Year' award from FSO Knowledge Xchange in recognition of its partnership with a large U.S. investment management firm to provide outsourced accounting, administration and back-office services.
FSO Knowledge Xchange (FSOkx), a global media and research organization, announced the winners of its 2010 Excellence Awards at a recent forum in New York City. In addition to the outsourcing honor, the award for 'Excellence in Risk Management and Compliance' went to Investor Analytics of Berkeley Heights, NJ. BNY Mellon has an equity stake in Investor Analytics and through its alliance with the firm delivers a wide range of portfolio and risk management services to its institutional clients.
In selecting the winners from a highly competitive field of nominees, FSOkx and an independent panel of judges reviewed a variety of criteria, including client benefits and performance, features and functions, level of innovation, expansion strategies, uniqueness, and sustainability.
"Service providers like BNY Mellon are able to make the technology investments and deliver the scale and efficiencies money managers need to run their back- and middle-office functions effectively," said Lou Maiuri, BNY Mellon Asset Servicing's global head of outsourcing. "This award speaks volumes to the strategic focus we've placed on this business, and the success we've had in partnering with our clients."
"During an exceedingly challenging time for the financial services industry, BNY Mellon and Investor Analytics continue to provide innovative and client-focused solutions to the market that are transforming our industry," said Rekha Vatsa, chief executive officer of FSO Knowledge Xchange.
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 is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). BNY Mellon 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. 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 $22.4 trillion in assets under custody and administration, $1.1 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. Learn more at www.bnymellon.com.
SOURCE BNY Mellon