BNY Mellon Asset Servicing has been awarded the title of Best Fund Administrator in Asia in The Asset magazines Triple A Transaction Banking Awards 2008.
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 Qualified Domestic Institutional Investor (QDII) and South Korea Investment Trust Management Company (ITMC) 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. Clientsatisfaction 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 theircontinued 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,” says Chong Jin Leow, head of Asia, BNY Mellon Asset Servicing.
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-servicebranches in Shanghai, Tokyo, Hong Kong, Singapore, Seoul, and Taipei.