BNY Mellon Maintains Best Trade Outsourcing Bank Ranking
For the fourth consecutive year, Global Trade Review survey ranks BNY Mellon as best provider of wholesale trade finance banking services
NEW YORK and LONDON, January 3, 2013 — BNY Mellon, the global leader in investment management and investment services, today announced that its Treasury Services group once again ranks as best trade outsourcing bank, receiving the distinction for the fourth consecutive year as part of Global Trade Review magazine's annual Leaders in Trade survey.
Attracting participation on the part of more than 6,000 market participants, including banks, corporates, financial institutions, insurers, brokers and others active in trade finance, the Global Trade Review survey highlights achievements across a number of geographic regions and product lines. Complete results of this year's survey will appear in the magazine's January, 2013 edition.
"Recognition as the best provider of outsourcing services is an important validation of the role we play as a global leader in the delivery of trade finance-related services to client banks and financial institutions," said Susan Skerritt, executive vice president and global head of business strategy & market solutions for BNY Mellon's Treasury Services group. "The past four years have been a protracted struggle for all parties involved in trade finance. Throughout this period, we have advocated the manufacturer-distributor model as the best way for banking services providers to meet the challenges confronting supply chain participants. Our support from Global Trade Review survey participants indicates a high level of market acceptance for this approach."
With locations on six continents and an extensive global network of correspondent financial institutions, BNY Mellon's Treasury Services group delivers high-quality performance in global payments, trade services, and cash management. 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 $27.9 trillion in assets under custody and administration and $1.4 trillion in assets under management, services $11.6 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 (NYSE: BK). Additional information is available on www.bnymellon.com or follow us on Twitter@BNYMellon.