The Bank of New York has been ranked as the leading overall trustee for new debt issues for the U.S. taxable and long-term municipal debt markets during 2003, according to data compiled by Thomson Financial. This is the third consecutive year the Bank has earned the top ranking.
“We are one of the few providers with the expertise and infrastructure to service debt instruments, not only in the United States, but also around the world,” says Karen B. Peetz, executive vice president and Head of the corporate trust division at The Bank of New York. “We remain fully committed to using our market leading resources to our clients’ advantage, and we fully expect this commitment to help increase our market share across all debt instruments.”
Peetz noted that the Bank will maintain its top ranking even with the pending industry mergers that have been recently announced.
The Bank of New York is a leading provider of corporate trust and agency services. The Bank and its subsidiaries and affiliates administer a portfolio of more than 90,000 trustee and agency appointments, representing more than $1 trillion in outstanding securities for more than 30,000 clients around the world. The Bank is a recognized leader for trust services in several debt products, including mortgage-backed and asset-backed securities, corporate and municipal debt, derivative security services and international debt offerings.