BNY Mellon Ranked Top Trustee in the U.S.
Represents the 6th consecutive year as number one trustee in industry's leading independent survey
NEW YORK, March 7, 2011 — BNY Mellon, a global leader in asset management and securities servicing, has been ranked the number one trustee in the United States for 2010, according to Thomson Reuters, a leading source of intelligent information for businesses and professionals.
During 2010, the company served as trustee on 1,729 new issues, representing more than $495 billion in proceeds, more than twice the amount serviced by any other trustee in the U.S.
The company's top trustee ranking reflects lead positions across all significant U.S. debt categories, including public finance, taxable, straight, high yield, investment grade, convertible and structured credit.
"In a year that was tough on debt issuance and dominated with regulatory concerns, our financial strength and proven expertise across all debt segments distinguished us, helping us secure the top spot in the rankings for the sixth consecutive year," said Eric Kamback, chief executive officer of BNY Mellon Corporate Trust. "We are committed to working collaboratively with our clients and will continue to develop flexible and innovative solutions to meet their needs." BNY Mellon Corporate Trust services $12 trillion in outstanding debt from 61 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 to 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 a global financial services company focused on helping clients manage and service their financial assets, operating in 36 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 $25.0 trillion in assets under custody and administration and $1.17 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com.