NEW YORK, April 6, 2011 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment servicing, has received top ratings in Global Custodian's 2011 Tri-Party Securities Financing Survey. Global Custodian is a leading media outlet covering the international securities services industry.
Based on Global Custodian's independent survey of tri-party market participants globally, BNY Mellon earned the following rankings: Top Rated Globally, Top Rated in North America, Commended in Europe, and Commended in Asia.
In announcing the results, Global Custodian said: "Getting the blend of local presence and global capabilities right is not easy, but BNY Mellon has much to be pleased about this year...Crucially, BNY Mellon also outscores its only global rival on every question," noting that the company is admired for its operational efficiency in all regions of the world.
"We look to independent client surveys like this one to help us evaluate the quality of the service we deliver globally," said James Malgieri, chief executive officer of BNY Mellon Broker-Dealer Services. "Our high ratings demonstrate the success we've had in partnering with clients to meet their complex and evolving requirements. We look forward to using the results to build on our strengths and identify areas where we can enhance our service quality even more."
BNY Mellon Broker-Dealer Services is a leading provider of tri-party collateral management services, servicing more than $1.8 trillion in tri-party balances worldwide. It is a leader in both global securities and US Government securities clearance. We clear and settle equity and fixed income transactions in over 100 markets and handle most of the transactions cleared through the Federal Reserve Bank of New York, for 16 of the 20 primary dealers.
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 $25.0 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