Mellon Transition Management Receives Most Top-Rated Honors in Plan Sponsor Magazine's Survey of Transition Managers
SAN FRANCISCO, July 14 /PRNewswire-FirstCall/ -- Mellon Transition Management (MTM), the transition management specialist for BNY Mellon Asset Management, received the most "top-rated" honors in Plan Sponsor magazine's 2010 annual transition management survey.
The "top-rated" designation is the highest honor in the survey. MTM captured three "top-rated" designations, while no other transition manager achieved this honor in more than a single category. The publication conducts the survey annually among clients of transition managers.
MTM was voted the top-rated transition manager by U.S. institutional and non-U.S. institutional clients of transition managers in pre-trade, post-trade and organizational support. MTM also was ranked the top-rated transition manager by non-U.S. clients for transition execution.
In addition, MTM was commended by the consultants who responded to the survey for its pre-trade, post-trade and organizational support and commended by U.S. institutional clients in transition execution.
"Mellon Transition Management's commitment to conducting efficient transitions, transparency, and the fiduciary model have fueled the expansion of our business," said Mark Keleher, chief executive officer of MTM. "This survey demonstrates that institutional investors have a high regard for the way we conduct our operations."
Notes to Editors:
Mellon Transition Management offers global transition management services to institutional investors, assisting clients with reducing the costs and managing the risks of rebalancing asset allocations, entering new investment strategies, or liquidating existing portfolios. It is a unit of The Bank of New York Mellon.
BNY Mellon Asset Management is the umbrella organization for BNY Mellon's affiliated investment management firms and global distribution companies.
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.
All information source BNY Mellon Asset Management at March 31, 2010. This press release is qualified for issuance in the UK and US and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorised. This press release is issued by BNY Mellon Asset Management (US) and BNY Mellon Asset Management International Limited (ex-US) to members of the financial press and media and the information contained herein should not be construed as investment advice. Past performance is not a guide to future performance. Registered office of BNY Mellon Asset Management International: The Bank of New York Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England no. 1118580. Authorised and regulated by the Financial Services Authority A BNY Mellon Company(SM)
SOURCE BNY Mellon
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