The Bank of New York Mellon has achieved industry recognition at the Global Pensions Awards 2009.
Mellon Transition Management, the transition management specialist for BNY Mellon Asset Management, was named “2009 Transition Manager of the Year” for the second successive year, and BNY Mellon Asset Servicing was named “Custodian of the Year”.
“It’s certainly a tribute, not only to my team, but to the fiduciary model of transition management,” says Mark Keleher, chief executive officer, Mellon Transition Management.
“The combination of the credit crisis and the increased volatility of the financial markets have accelerated the move of institutional investors to transition managers such as us that act as fiduciaries during transitions.”
“Receiving this award during such a tumultuous period is testament to the strength of our business model and commitment to service quality,” says Nadine Chakar, head of Asset Servicing, EMEA, BNY Mellon.
“These are difficult times for our clients and they need a trusted partner who they believe to be resilient and financially sound. We will continue to do what we do best, deliver outstanding client service, invest in cutting-edge technology, pioneer new innovative products and attract and retain the best talent the industry has to offer.”
L.D.