The Bank of New York Mellon has been ranked the number one trustee in the US for 2007, according to Thomson Financial, a provider of financial information and technology.
During 2007, the company served as trustee on 2,381 new issues, or about 40% more than its closest competitor. These new issues represented $895 billion in proceeds, more than twice the amount serviced by any other trustee in the US.
The company’s top trustee ranking reflects lead positions across all US debt segments including long term municipal, high yield, investment grade, convertible, collateralised debt obligations and structured finance.
“Our lead rankings demonstrate our ability to identify and service the unique needs of debt issuers in the United States, regardless of the size, scope and complexity of their offerings. As the capital markets continue to grow and evolve, we expect our expanding global network and servicing capabilities to further strengthen our competitive positioning in the US and throughout the world,” says Karen Peetz, senior executive vice president at The Bank of New York Mellon and head of the Global Corporate Trust business.