SINGAPORE, March 11 /Xinhua-PRNewswire/ -- BNY Mellon Asset Servicing, the global leader in securities servicing, has been awarded the title of ‘Best Fund Administrator’ in Asia in The Asset magazine’s Triple A Transaction Banking Awards 2008. The Asset magazine is one of Asia’s leading monthly financial markets magazines.
2007 was a strong year for BNY Mellon in Asia with multi-million dollar revenue growth and a surge in assets under administration and custody. Out of all the key markets, China QDII (Qualified Domestic Institutional Investor) and South Korea ITMC (Investment Trust Management Company) represented the most active Asian market segments for BNY Mellon in the last 12 months, where the company maintains a significant market share.
"It is a great honour to be given this award, especially given the high calibre of the asset servicing providers across Asia," said Chong Jin Leow, head of Asia, BNY Mellon Asset Servicing. "Client satisfaction and service quality are at the heart of our client promise and this recognition validates the emphasis we place on getting it right for our clients. I must pass on my thanks to our clients for their continued support, and to my team as this award is testament to the dedication and performance of all our employees across the region to continually deliver, day after day."
The Bank of New York Mellon has been conducting business in the Asia-Pacific region for over 50 years and has over 2,700 employees in 15 offices across 12 countries in the region, including full-service branches in Shanghai, Tokyo, Hong Kong, Singapore, Seoul, and Taipei.
Notes to editors
BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialised asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services. BNY Mellon Asset Servicing provides services through The Bank of New York, Mellon Bank, N.A. and other related companies.
The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company 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 more than $23 trillion in assets under custody and administration, more than $1.1 trillion in assets under management and services $11 trillion in outstanding debt. Additional information is available at bnymellon.com.
