BNY Mellon Recognised for Third Consecutive Year as Best Transactional Bank for Financial Institutions in Europe, Middle East and Africa
Top ranking in EMEA Finance magazine annual Treasury Services survey reflects strategic emphasis on financial strength, reliable execution and customer focus
LONDON, October 10, 2012 — BNY Mellon, the global leader in investment management and investment services, has been recognised for the third consecutive year as best transactional bank for financial institutions in Europe, Middle East and Africa ("EMEA"). The ranking as top provider was awarded by EMEA Finance as part of the magazine's 2012 Treasury Services Awards.
"The past 12-18 months have brought significant challenges to the regional banking markets," said Dominic Broom, managing director and head of sales and relationship management for BNY Mellon Treasury Services EMEA. "These challenges are driving demand for enhanced risk management – from both an operational and regulatory viewpoint – as well as innovations in data and treasury management, while at the same time making it difficult for some financial institutions to justify continued investment in peripheral business operations. Our collaborative approach provides a key way for local and regional financial institutions to overcome these pressures."
BNY Mellon was the only institution to receive recognition for its transactional banking services to financial institutions in this year's survey. Full coverage of the 2012 awards will appear in the October-November issue of EMEA Finance.
"Financial institutions represent a critically important segment of our client base, and utilise some of the most sophisticated of our product and service offerings," said Dominic Broom. "Our top ranking in this demanding category reflects the strength of our commitment to maintaining the highest standards of financial strength, reliable and efficient execution, and client focus."
With locations on six continents and a network of more than 2,000 correspondent financial institutions, BNY Mellon's Treasury Services group 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 countries. 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 white-label 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 $27.1 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.5 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
This press release is issued by The Bank of New York Mellon to members of the financial press and media. All information and figures source BNY Mellon unless otherwise stated as at June 30, 2012. The Bank of New York Mellon, London Branch, registered in England and Wales with FC005522 and BR000818 Branch office: One Canada Square, London E14 5AL. Authorised and regulated in the UK by the Financial Services Authority.