The Bank of New York was the number one overall trustee for all U.S. debt for the first quarter of 2007, according to data compiled by Thomson Financial, a provider of financial technology and information.
The bank’s top trustee ranking includes lead positions across all significant U.S. debt segments, including long-term municipal, high yield, investment grade, asset-backed, mortgage-backed and collateralized debt.
In all, BNY served as trustee for approximately 555 issues, a 12.7 percent market share, valued at more than $234 billion in proceeds. The next closest competitor had approximately 355 issues, an 8.1 percent market share, valued at $89 billion.
“Our No. 1 ranking underscores our leadership across the wide range of debt segments in the United States and reflects our unique ability to meet the increasingly complex needs of our clients through our single-point-of-contact relationship management approach,” says Karen Peetz, senior executive vice president and head of global corporate trust at BNY.