The Bank of New York announced today that it was ranked the leading overall corporate trustee for the year 2002 by Thomson Financial, which provides the securities industry with a wide array of market volume statistics, including data on publicly held debt for the corporate trust industry.
Thomson Financial’s domestic debt issuance and market share statistics for the year 2002 confirmed The Bank of New York’s first place overall trustee ranking for the corporate trust markets. The Bank of New York’s top ranking included 1,317 issues and over $280 billion in principal amount of bonds issued. The rankings considered the Bank’s performance in each of the major fixed income markets, including corporate debt, mortgage and asset-backed securities and tax-exempt financings.
Mark F. Ferraris, executive vice president and division head for corporate trust services at The Bank of New York, said, “Our number one ranking for 2002 reflects our continued commitment to quality trust services. We continue to be recognized for the diversity of our products, our willingness to customize our services and our leadership in introducing innovative technologies to the most complex fixed-income programs.”
The Bank of New York is a leading provider of corporate trust and agency services.
The Bank and its subsidiaries and affiliates administer a portfolio
more than 85,000 trustee and agency appointments, representing more than $1 trillion in outstanding securities for more than 30,000 clients around the world. The Bank is a recognized leader for trust services in several debt products, including mortgage-backed and asset-backed securities, corporate and municipal debt, derivative security services and international debt offerings.