Successful integration sets the stage for first-place rankings in sales
coverage, trading, research and e-commerce
NEW YORK, March 26 /CNW/ - The Bank of New York Mellon has received
first-place rankings in all major categories in Global Investor magazine's
2008 Foreign Exchange Survey, including Best FX Service Overall. Survey
respondents represent a broad sampling of global asset managers and hedge
funds. Results of this year's survey appear in the March issue of Global
The Bank of New York Mellon received an unprecedented 24 first-place
rankings in this year's survey across all principal areas of FX service,
including best FX service overall for real money and hedge fund investors;
best research and trading in developed, Asia-Pacific and emerging markets;
best FX strategy solutions; best sales coverage; best risk management; and
best portfolio management technology.
"When we introduced ourselves as a new company last year, we asked the
question, 'Who's helping you?'," said Jorge Rodriguez, managing director and
head of global foreign exchange sales for The Bank of New York Mellon. "As
this year's survey results indicate, we're redefining the notion of helping
our clients. By successfully executing our integration plan, we're moving our
business to entirely new levels of capability and performance."
Examples of FX product and service innovations introduced since the debut
of The Bank of New York Mellon's Global Markets division last year include the
daily distribution of currency research focused on new geographies, the
development of a proprietary on-line hedging platform, and a significant
expansion of trading activities involving frontier market currencies.
The Global Markets division encompasses The Bank of New York Mellon's
foreign exchange, interest-rate and equity risk management businesses.
Maintaining nine sales and trading desk locations around the world and active
in more than 100 currency markets, Global Markets is a major presence in world
financial centers and provides a full array of trading, research and
e-commerce products to institutional fund managers, corporations and
government entities throughout the world. Additional information is available
The Bank of New York Mellon Corporation is a global financial services
company focused on helping clients manage and service their financial assets,
operating in 34 countries and serving more than 100 markets. The company is a
leading provider of financial services for institutions, corporations and
high-net-worth individuals, providing superior asset management and wealth
management, asset servicing, issuer services, clearing services and treasury
services through a worldwide client-focused team. It has more than $23
trillion in assets under custody and administration, more than $1.1 trillion
in assets under management and services $11 trillion in outstanding debt.
Additional information is available at bnymellon.com.
Foreign exchange and other Global Markets products and services are
provided by subsidiaries of The Bank of New York Mellon Corporation.
For further information:
For further information: Contact: Ron Sommer, (412) 236-0082,