NEW YORK, March 8, 2011 /PRNewswire/ -- BNY Mellon, the global leader in asset management and securities servicing, announced that it has been named custodian for $600 million in funds administered by the Lynde & Harry Bradley Foundation. BNY Mellon Asset Servicing will provide global custody and accounting services, private investment accounting, as well as performance and risk analytics. BNY Mellon will also provide support through its Treasury Services business and asset management through its Mellon Capital Management Corporation affiliate.
"Since 1985, the Lynde & Harry Bradley Foundation has made more than $772 million in grant awards to organizations across the U.S., and we need a company with the breadth of services BNY Mellon offers to help us manage and administer a diversified investment portfolio that supports our substantial grant-making operation," said Cynthia K. Friauf, vice president for finance at the Bradley Foundation.
"We value the opportunity to help the Bradley Foundation fulfill their important mission in so many ways," said Laurin Moore, head of BNY Mellon Asset Servicing's U.S. Corporate, Government & Not-for-Profit business. "Our work with them showcases the 'total company' resources BNY Mellon is able to deliver to institutional clients, from global custody to value-added analytics to enhanced index strategies."
The Lynde & Harry Bradley Foundation is a private, independent grant-making organization based in Milwaukee. Its grants support research and educational projects, programs, and other activities that effectively further the Bradley brothers' philanthropic intent and honors their legacy. For more information, visit www.bradleyfdn.org.
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 (NYSE: BK) 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. Learn more at www.bnymellon.com.
SOURCE BNY Mellon