BNY Mellon Asset Servicing Wins Financial-i 'Leader in Innovation' Award for Securities Services Provider-North America

News provided by

Jan 22, 2010, 08:35 ET

NEW YORK and LONDON, Jan. 22 /PRNewswire-FirstCall/ -- BNY Mellon Asset Servicing, the global leader in securities servicing, announced that it has received a 'Leader in Innovation' award for Securities Services Provider-North America from Financial-i magazine.

Financial-i's fourth annual Leaders in Innovation Awards spans more than 60 categories in global transaction banking. Awards are presented to banks and financial hardware and software vendors that in the last 12 months have excelled in terms of innovation in business solutions in the major categories of: payments & foreign exchange, securities services, data management, risk management, and network services. Award winners were chosen based on research conducted by Financial i's team of journalists and independent analysts, and then passed to an advisory panel comprising analysts, consultants and market practitioners.

"This award is especially meaningful in that innovation is at the heart of our strategy for growth in 2010 and beyond," said Dan Wywoda, head of Global Product Management for BNY Mellon Asset Servicing. "Foreseeing and developing the new products clients need to thrive in today's fluid environment is a cornerstone of our efforts – be they highly specialized reporting services, or large integrated offerings like our Derivatives360 solution that bring together functionality from across BNY Mellon."

"Now more than ever, firms are looking for solutions that provide a much quicker return on investment and do what they actually say," Anita Hawser, managing editor of Financial-i. "In selecting the winners in each category we have tried to focus on those companies we believe have that little something extra that makes their solutions stand out from their competitors in terms of depth and breadth of functionality, ease of implementation and support, and solutions that actually address real business needs."

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 offers its products and services through The Bank of New York Mellon and other subsidiaries of The Bank of New York Mellon Corporation.

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 $22.3 trillion in assets under custody and administration, $1.1 trillion in assets under management, services $12 trillion in outstanding debt, and processes global payments averaging $1.6 trillion per day. More information is available at bnymellon.com.

SOURCE BNY Mellon