BNY Mellon Earns Golds as Best Trade Services Provider and Best Trade Bank in the Middle East
Gold rankings among five top-three finishes for BNY Mellon in Trade & Forfaiting Review's 2012 Trade Finance Survey
Medal count puts BNY Mellon in top quartile of banks included in this year's survey
New York and London, 5 July 2012 — BNY Mellon, the global leader in investment management and investment services, has received gold-medal rankings as Best Trade Services Provider and Best Trade Bank in the Middle East. Awarded by Trade & Forfaiting Review, the rankings are based on results from the magazine's 2012 Trade Finance Survey.
In addition to the two gold medal awards, BNY Mellon also achieved top three rankings in three other survey categories. The five top-three survey finishes again put BNY Mellon in the top quartile of banks included in this year's survey. Covering 32 separate trade service and geographic categories, the TFR Awards are based entirely on verified votes from readers of Trade & Forfaiting Review – mainly corporates, banks and other financial institutions involved in international trade finance globally. Complete results of this year's survey will appear in the magazine's July issue.
"Trade services play a key role in our overall portfolio of supply chain management services," said John Lucas, managing director and head of supply chain product management for BNY Mellon Treasury Services. "To maintain our leadership in this important space, we're continuing to add new dimensions of integration and globalization to our trade finance offerings," Lucas said.
"With trade finance central to many of our client relationships, positive TFR survey results are always welcome," said Dominic Broom, managing director and head of sales & relationship management – EMEA for BNY Mellon Treasury Services. "This year's results are particularly gratifying, since they recognize our service excellence in a region that's strategically important both to our Treasury Services group and to BNY Mellon as a whole."
With locations in 34 countries on six continents and a network of more than 2,000 correspondent financial institutions, BNY Mellon Treasury Services delivers high-quality performance in global payments, trade services, cash management, capital markets, foreign exchange and derivatives. It helps clients optimize cash flow, manage liquidity and make payments more efficiently around the world in more than 100 currencies. Processing more than $1.4 trillion in payments transactions on a daily basis, the company is a top-five participant in both the CHIPS and overall funds transfer markets, and is a recognized leader in the delivery of private treasury services solutions for banks and other large institutional clients.
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, offering superior investment management and investment services through a worldwide client-focused team. It has $26.6 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.4 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available on www.bnymellon.com or follow us on Twitter@BNYMellon.