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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

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."