BNY Mellon Ranked Top Trustee in the U.S.

Represents the 5th Consecutive Year as Number One Trustee in Industry's Leading Independent Survey

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Feb 22, 2010, 09:29 ET

NEW YORK, Feb. 22 /PRNewswire-FirstCall/ -- BNY Mellon, a global leader in asset management and securities servicing, has been ranked the number one trustee in the United States for 2009, according to Thomson Reuters, a leading source of intelligent information for businesses and professionals.

During 2009, the company served as trustee on 1,527 new issues, representing more than $580 billion in proceeds, more than three times the amount serviced by any other trustee in the U.S.

The company's top trustee ranking reflects lead positions across all major U.S. debt segments including long term municipal, high yield, investment grade, convertible and structured credit.

"Our financial strength, independence and proven expertise across all debt segments continue to provide us with significant competitive differentiation, helping us secure the top spot in the rankings for the fifth consecutive year," said Scott Posner, chief executive officer of BNY Mellon Corporate Trust. "As the markets continue to recover, we will work collaboratively with our clients to develop innovative solutions that meet their emerging needs."

BNY Mellon Corporate Trust services $12 trillion in outstanding debt from 58 locations in 20 countries. Its clients include governments and their agencies, multinational corporations, financial institutions and other entities that access the global debt capital markets. The corporate trust business utilizes its global footprint and expertise to deliver a full range of issuer and related investor services and develop customized and market-driven solutions. Its range of core services includes debt trustee, paying agency, escrow and other fiduciary offerings.

Corporate trust providers are appointed by corporations, municipal governments and other entities issuing debt to perform a variety of duties, including servicing and maintaining the debt issue, processing principal and interest payments for investors, representing investors in defaults, and providing value-added services for complex debt structures.

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 $12.0 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