BNY Mellon Scoops Six Trophies in Asian Awards

HONG KONG, March 31 /PRNewswire-FirstCall/ -- BNY Mellon has received top industry recognition at The Asset magazine's Triple A Transaction Banking Awards 2010 scooping six accolades including the title of Best Global Custodian in Asia for the third consecutive year. BNY Mellon was also named Best Fund Administrator – Hedge Funds and Best in Corporate Trust.  In the regional categories, BNY Mellon's Corporate Trust division also walked away with the trophies for Australia, Korea and India.

Commenting on winning the coveted global custodian award for the third year in a row, Chong Jin Leow, Head of Asia, BNY Mellon Asset Servicing, said: "We are truly honoured to win this award for the third time.  Once again we would like to thank our clients for their unstinting support, as demonstrated by this latest vote of confidence in our organisation. This award is also testament to the expertise and dedication of everyone working within our asset servicing business, qualities which ensure we can continue to help our clients to seize new opportunities and manage risk in the global markets."

Commenting on winning the Best Fund Administrator – Hedge Funds, Andrew Gordon, Head of Alternative Investment Services for Asia at BNY Mellon, said: "Hedge funds are increasingly turning to BNY Mellon not only because of our global strengths, but also because of our sophisticated local capabilities in the region. They believe it is vital to choose a partner which has a long term commitment to Asia. This award underlines the strengths of our offering and shows that our focus on quality and service excellence over the last three years has paid off handsomely."

Commenting on winning the Best in Corporate Trust award, Gary Lew, Head of Corporate Trust for Asia at BNY Mellon, said: "These awards demonstrate the success we have had at expanding our market share across Asia while delivering world class trust services.  As the markets continue to recover, we will continue to work collaboratively with our clients and develop innovative solutions that meet their emerging needs."

The Asset magazine is one of Asia's leading monthly financial markets magazines.

Notes to editors

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. 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. Additional information is available at www.bnymellon.com.

SOURCE BNY Mellon

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