May 2, 2012
Only company to claim five honors in multiple investment servicing categories
NEW YORK, — BNY Mellon, the global leader in investment management and investment services, announced that it has been named winner of five awards by Custody Risk Magazine in its inaugural Custody Risk Americas Awards 2012. The awards celebrate outstanding achievements for custodians, fund administrators, and service providers in North and South America. Winners were announced April 18 at an event in New York City.
Awards were presented in 21 categories. BNY Mellon was the only company to receive five, taking honors as the year's top Pension Fund Custodian, Mutual Fund Administrator, Custodian-Latin America, Transfer Agent, as well as jointly winning Most Innovative Project of the Year with its affiliate Pershing LLC. That award was for the firms' work on two new collateral management applications, PrimeConnect™ and PrimeConnect40™, which automate the process of moving collateral between custodian and prime broker. BNY Mellon also was highly commended in the Outsourcing Provider category.
Awards were chosen by an independent panel of judges that included Josh Galper of Finadium Fund Services, Joyce Heinzerling of Meridian Fund Advisors, and Michael Talbot of Navigant.
"We're proud to add this latest round of honors to recent awards BNY Mellon has earned from other leading industry outlets," said Tim Keaney, CEO of BNY Mellon Asset Servicing. "Being recognized in five unique investment servicing categories testifies to the quality of solutions we're providing across business segments, markets and geographies. It's a perfect example of how we're delivering our 'whole company' to clients around the globe."
"Collaborating on this project has enabled BNY Mellon and Pershing to provide hedge fund and '40 Act fund managers with unprecedented transparency and control of collateral selection and movement," said Gerry Tamburro, managing director, Pershing Prime Services. "We're proud to be recognized by Custody Risk for these innovative new applications."
Pershing Prime Services delivers an unconflicted, comprehensive suite of global prime brokerage solutions. This includes extensive access to securities lending, dedicated client service, robust technology and reporting tools, worldwide execution and order management capabilities, a broad array of cash management products and the integrated platform of BNY Mellon. Pershing Prime Services is a service of Pershing LLC.
About BNY Mellon's Pershing
BNY Mellon’s Pershing and its affiliates provide advisors, broker-dealers, family offices, hedge fund and ’40 Act fund managers, registered investment advisor firms and wealth managers with a broad suite of global financial business solutions. Many of the world’s most sophisticated and successful financial services firms rely on Pershing for clearing and custody, investment and retirement solutions, technology, enterprise data management, trading services, prime brokerage and business consulting.
Pershing helps clients improve profitability and drive growth, create capacity and efficiency, attract and retain talent, and manage risk and regulation. With a network of offices worldwide, Pershing provides business-to-business solutions to clients representing approximately 7 million investor accounts globally. Pershing LLC (member FINRA, NYSE, SIPC) is a BNY Mellon company. Additional information is available on pershing.com, or follow us on Twitter @Pershing.
About BNY Mellon
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries. As of December 31, 2018, BNY Mellon had $33.1 trillion in assets under custody and/or administration, and $1.7 trillion in assets under management.
BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.