The Bank of New York has been awarded Montpelier Re’s stock transfer business.
This appointment expands the Bank’s existing relationship with Montpelier, which includes acting as custodian and securities lending agent.
“Whereas many companies are exiting the stock transfer business, The Bank of New York continues to invest in technology and the resources necessary to provide quality transfer agency services. We are confident that this appointment will extend our successful relationship with the Bank,” says Neil McConachie, senior vice president and treasurer of Montpelier Re.