BNY Mellon Asset Servicing, the global leader in asset servicing, has been re-appointed by Marshall & Ilsley Corporation as global custodian for its trust and outsourcing clients, which have more than $1 billion in assets.
The reappointment follows a competitive bidding process and extends a relationship that began in 2002. Additional services BNY Mellon Asset Servicing will provide are accounting, foreign exchange, cash management and U.S. physical processing services.
“BNY Mellon Asset Servicing has demonstrated its advantages in a number of significant areas, most notably in technology and tax reclamation services,” says Ken Krei, chairman and chief executive officer of M&I Wealth Management and M&I Trust Co.