Company scores top honors for 2014's Most Innovative Project, Custodian of the Year in U.S. and Canada, plus Asset Servicing Technology Vendor and Securities Services Provider
BNY Mellon, a global leader in investment management and investment services, announced that its Investment Services business has won multiple honors from the Custody Risk Americas Awards, a program of Custody Risk magazine that since 2011 has recognized outstanding achievers in the securities services industry in North and South America.
BNY Mellon's awards include 'Most Innovative Project of the Year,' 'Securities Services Provider of the Year,' and 'Custodian of the Year: U.S.' The company's Canadian joint venture, CIBC Mellon, was named 'Custodian of the Year: Canada,' while its Eagle Investment Systems subsidiary earned the 'Asset Servicing Technology Vendor of the Year' award.
"With new regulations on central clearing, margining, and collateral segregation coming into effect, the role of the global custodian is arguably more important than ever," said BNY Mellon vice chairman and CEO of Investment Services, Tim Keaney. "Our people are working hard to deliver industry-leading service and innovation across every phase of the investment lifecycle."
Top honors in the Most Innovative Project of the Year category, a proprietary segregation service created within BNY Mellon's Global Collateral Services business, combines the safety of segregated accounts with dynamic system capabilities that help optimize collateral use while also allowing for the mitigation of counterparty, market and operational risk. BNY Mellon can act as a single point of contact for its clients' collateral needs as the need for collateral optimization and risk mitigation are only expected to grow, given market changes and global regulatory reforms.
Commenting on the award, Kurt Woetzel, CEO of BNY Mellon's Global Collateral Services business, said, "We're proud to be recognized for excellence. Segregation services are part of our strategy to be the first call for institutions' collateral servicing needs."
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