BNY Mellon Selected to Provide ETF Services for Old Mutual's Global ETFs

Services include custody, fund accounting, fund administration

Jan 19, 2010, 08:25 ET from BNY Mellon

NEW YORK, Jan. 19 /PRNewswire-FirstCall/ -- BNY Mellon Asset Servicing, the global leader in securities servicing, has been selected by Old Mutual Global Index Trackers U.S. LLC  (OMGXT) to provide ETF services for its five new global exchange-traded funds: GlobalShares FTSE All-World Fund,  GlobalShares FTSE Emerging Markets Fund, GlobalShares All-Cap Asia Pacific ex Japan Fund, GlobalShares All-World ex US Fund, and GlobalShares FTSE Developed Countries ex US Fund.

The services include custody, fund accounting, fund administration, transfer agency services and ETF services.  BNY Mellon provides ETF services for more than $100 billion in assets for its global clients.

"We have selected BNY Mellon as a key partner because of its demonstrated ability to help clients bring global and emerging market ETF products to market in a timely and effective manner," said Tendai Musikavanhu, chief executive officer of OMGXT.  "BNY Mellon has the capabilities to provide the comprehensive suite of services we require."

"We are pleased to extend our growing global relationship with Old Mutual to now include ETFs," said Joseph Keenan, managing director and head of relationship management for financial institutions at BNY Mellon Asset Servicing.  "We continue to invest in expanding our industry-leading ETF capabilities as one of our top priorities is to deliver industry-leading technology and the highest-quality services to this rapidly growing segment of the financial product marketplace."

OMGXT has listed GlobalShares FTSE Emerging Markets Fund (NYSE: GSR) on the NYSE-Arca. This is the first ETF tracking the FTSE Emerging Markets Index in the US.   OMGXT, which is managing the funds from its South Africa offices, also has offices in London and Boston.  

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 the corporate brand of The Bank of New York Mellon Corporation. 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 $22.1 trillion in assets under custody and administration and $966 billion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. Additional information is available at www.bnymellon.com.

SOURCE BNY Mellon



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