BNY Mellon Asset Servicing Ranked #1 Global Custodian Against Its Peers in 16 Categories in 2010 Global Investor Global Custody Survey

News provided by

May 17, 2010, 12:44 ET

LONDON, May 17 /PRNewswire-FirstCall/ -- BNY Mellon Asset Servicing, the global leader in securities servicing, has secured sixteen #1 rankings within its peer group of the world's five largest global custodians* in Global Investor magazine's 2010 Global Custody Survey of investment managers, insurance companies and pension funds. [*Peer group – State Street, JP Morgan, Northern Trust & Citi]

BNY Mellon Asset Servicing was ranked #1 out of all 10 surveyed global custody providers in the following Unweighted and Weighted categories:

Americas (Weighted)
Single Custodian – Asia Pacific (Unweighted)
Single Custodian – Asia Pacific (Weighted)

BNY Mellon was also ranked #1 amongst its peers in the following categories:

Overall (Unweighted)
Respondents with $1 bn (Unweighted)
GI 100 Respondents (Unweighted)
Americas (Unweighted)
Institutional Asset Managers (Unweighted)
Mutual Funds – EMEA (Unweighted)

The company also came #1 out of all providers in the following Footprint** categories:

Overall
Respondents with $1 bn
Institutional Asset Managers
EMEA
Americas
Institutional Asset Managers – Americas
Institutional Asset Managers – EMEA

[**Overall Unweighted scores multiplied number of qualified responses]

Sample client quotes submitted by survey respondents included:

"Excels in client service...proactively recommends viable solutions"
"Understands our business and [is] keen to assist"
"Seamless migration of function support"

Jim Palermo, co-CEO of BNY Mellon Asset Servicing, said: "First and foremost I'd like to thank all our clients around the world for their continued support. We have continued to put a premium on service excellence and product innovation and that focus, along with our financial strength and stability, has proved very attractive to the market and resulted in us taking on $1.2 trillion in new business during 2009. I'd also like to thank everyone within our Asset Servicing team globally for their dedication and hard work, and we will continue to work diligently with our clients to assist them in achieving further success in the future."

Almost 1000 responses were received for the 2010 Global Investor Global Custody survey, which for the second year was conducted by Euromoney's Specialist Finance Research Unit.

Notes to editors:

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. Additional information is available at www.bnymellon.com.

This press release is issued by The Bank of New York Mellon to members of the financial press and media
All information and figures source The Bank of New York Mellon unless otherwise stated as at March 31, 2010
The Bank of New York Mellon, London Branch, registered in England and Wales with FC005522 and BR000818
Branch office: One Canada Square, London E14 5AL
Authorised and regulated in the UK by the Financial Services Authority