BNY Mellon Asset Servicing Tops Two Key Categories in 2010 Global Custodian Securities Lending Survey

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May 12, 2010, 10:31 ET

PITTSBURGH and LONDON, May 12 /PRNewswire-FirstCall/ -- BNY Mellon Asset Servicing, the global leader in securities servicing, has been ranked #1 in the Single Provider and $1-10 Billion categories within Global Custodian magazine's 2010 Securities Lending survey.

Kathy Rulong, Global Head of Securities Lending at BNY Mellon Asset Servicing, said: "My team and I are extremely proud to be honoured with these awards in one of our industry's most influential independent surveys.

"Following the market events of 2008, it has certainly not been an easy time for asset holders or lenders and we remain committed to enhancing programme transparency and flexibility in line with clients' ever-increasing needs for data and market intelligence.

"As one of the world's largest agent lenders, we continue to evolve our programme to balance our clients' appetite for risk and reward and help maintain the liquidity that ensures the smooth running of our capital markets."

In addition to a series of profiling questions, the survey questionnaire consisted of 26 questions in eight service categories: Earnings Performance, Risk Management, Relationship Management, Client Service, Product Development, Reporting, Operational Capabilities, and Compliance with Client Guidelines.

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