NEW YORK, Oct. 14 /PRNewswire-FirstCall/ -- Standish Mellon Asset Management Company LLC, the Boston-based fixed income specialist for BNY Mellon Asset Management, was named the top asset manager of emerging markets debt; and BNY Mellon Asset Servicing was named the top custodian in aiCIO's first annual Global Innovations Awards. aiCIO is a quarterly publication that covers the world's largest pools of investment capital.
Standish and the other winning asset managers "distinguished themselves by creating investment platforms that are likely to produce sustained risk-adjusted returns aligned with the required liabilities," said Kip McDaniel, editor of aiCIO. Commenting on BNY Mellon Asset Servicing's award in the servicing category, McDaniel said, "The winners in the servicing and tactical categories have provided pension plans and other large institutional investors with critical efficiencies and exceptional logistical support."
"Standish's emerging markets debt group continues to be recognized by the industry as it helps its global clients in making strategic allocations to emerging markets debt," said Desmond Mac Intyre, president and chief executive officer of Standish. Noting that Standish manages more than $8 billion in dedicated emerging market debt, he added, "The emerging market debt asset class is gaining traction in the U.S. market as reflected, in part, by the rapid growth of the Dreyfus Emerging Markets Debt Local Currency Fund."
"Our investments in our asset-servicing products and customer service capabilities enable us to provide effective solutions to large institutional investors," said Vince Sands, executive vice president of BNY Mellon Asset Servicing. "In addition, we have the capability to support newly emerging investment vehicles such as active exchange-traded funds (ETFs) and the evolving derivatives market."
Notes to Editors
Standish Mellon Asset Management Company LLC, with $70.9 billion of assets under management, provides investment management services across a broad spectrum of fixed income asset classes. These include corporate credit (investment-grade and high-yield), emerging markets debt (dollar-denominated and local currency), core / core plus and opportunistic (U.S. and global) strategies. The firm also includes assets managed by Standish personnel acting as dual officers of The Dreyfus Corporation and The Bank of New York Mellon, each a subsidiary of The Bank of New York Mellon Corporation.
BNY Mellon Asset Management is the umbrella organization for BNY Mellon's affiliated investment management firms and global distribution companies.
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, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $21.8 trillion in assets under custody and administration and $1.0 trillion in assets under management, services $11.6 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 ). Additional information is available at www.bnymellon.com or www.bnymellon.com/csr.
All information source BNY Mellon Asset Management at June 30, 2010. This press release is qualified for issuance in the UK and US and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorised. This press release is issued by BNY Mellon Asset Management (US) and BNY Mellon Asset Management International Limited (ex-US) to members of the financial press and media and the information contained herein should not be construed as investment advice. Past performance is not a guide to future performance. Registered office of BNY Mellon Asset Management International: The Bank of New York Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England no. 1118580. Authorised and regulated by the Financial Services Authority
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SOURCE BNY Mellon