The Bank of New York Mellon has received seven awards at the International Custody & Fund Administration Global Awards 2009 held in London.
The Bank of New York Mellon has received seven awards at the International Custody & Fund Administration Global Awards 2009 held in London.
The Bank of New York Mellon Alternative Investment Services claimed the award for Hedge Fund Administrator of The Year.
BNY Mellon Asset Servicing was named Custodian of The Year: Americas, Transfer Agent of the Year and Derivatives Valuation Services Provider of the Year. It also received the award for White Paper of The Year for Inside the Engine Room, published in June 2008, which examined the operational challenges and opportunities for Nordic institutions.
The Bank of New York Mellon Broker-Dealer Services was named Broker/Dealer Custody & Clearing Provider of the Year.
Mellon Transition Management, the transition management specialist for BNY Mellon Asset Management, walked away with the award for Transition Management Provider of the Year. This was the second award MTM had received in two days – the previous night the company had been named Best Transition Manager in the Scheme Services categories at the FT Pension Investment Provider Awards 2009.
The Global Awards judging panel included Dr Werner Frey, chief executive of the European Securities Forum and Angela Knight, chief executive of The British Bankers Association.
Jim Palermo, co-chief executive of BNY Mellon Asset Servicing, says: "These awards are further testament to the continued hard work and dedication of everyone within the asset servicing team. We recognise that our ongoing success is very much down to us listening closely to our clients and working with them to ensure we can anticipate their needs in what is a demanding and many ways unprecedented business environment. While we are very proud of the broad range of innovative services we have developed to meet the challenges our clients face around efficiency, cost reduction, risk mitigation, liquidity and transparency, we also know that it is imperative to keep getting the fundamentals right, day in, day out."
