NEW YORK, May 2, 2012 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, announced that it has been named winner of five awards by Custody Risk Magazine in its inaugural Custody Risk Americas Awards 2012. The awards celebrate outstanding achievements for custodians, fund administrators, and service providers in North and South America. Winners were announced April 18 at an event in New York City.
Awards were presented in 21 categories. BNY Mellon was the only company to receive five, taking honors as the year's top Pension Fund Custodian, Mutual Fund Administrator, Custodian-Latin America, Transfer Agent, as well as jointly winning Most Innovative Project of the Year with its affiliate Pershing LLC. That award was for the firms' work on two new collateral management applications, PrimeConnect ™ and PrimeConnect40 ™, which automate the process of moving collateral between custodian and prime broker. BNY Mellon also was highly commended in the Outsourcing Provider category.
Awards were chosen by an independent panel of judges that included Josh Galper of Finadium Fund Services, Joyce Heinzerling of Meridian Fund Advisors, and Michael Talbot of Navigant.
"We're proud to add this latest round of honors to recent awards BNY Mellon has earned from other leading industry outlets," said Tim Keaney, CEO of BNY Mellon Asset Servicing. "Being recognized in five unique investment servicing categories testifies to the quality of solutions we're providing across business segments, markets and geographies. It's a perfect example of how we're delivering our 'whole company' to clients around the globe.""Collaborating on this project has enabled BNY Mellon and Pershing to provide hedge fund and '40 Act fund managers with unprecedented transparency and control of collateral selection and movement," said Gerry Tamburro, managing director, Pershing Prime Services. "We're proud to be recognized by Custody Risk for these innovative new applications." Pershing Prime Services delivers an unconflicted, comprehensive suite of global prime brokerage solutions. This includes extensive access to securities lending, dedicated client service, robust technology and reporting tools, worldwide execution and order management capabilities, a broad array of cash management products and the integrated platform of BNY Mellon. Pershing Prime Services is a service of Pershing LLC. Additional information is available at www.pershingprimeservices.com. 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 (NYSE: BK). Learn more at www.bnymellon.com or follow us on Twitter @BNYMellon. SOURCE BNY Mellon