BNY Mellon Earns Top Spot in FImetrix Survey of Bank-to-Bank Service Providers in Asia-Pacific for US Dollar (USD) Treasury Clearing, USD Commercial Payments and Letters of Credit
NEW YORK and HONG KONG, Sept. 13, 2012 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, today announced that its Treasury Services group has received number one rankings for USD Treasury Clearing, USD Commercial Payments, and Letters of Credit services in the "Bank-to-Bank Services to Asia & the Pacific Rim," a key bi-annual industry survey published by the global market research firm FImetrix.
This year's FImetrix survey data also reflects high marks for BNY Mellon from client banks in the areas of operational strength, with BNY Mellon ranked 'most improved' and 'highest rated for payment accuracy and STP Rate,' and quality and timeliness of reporting, where BNY Mellon earned 'most improved' and 'highest rated in timely and detailed reports' rankings.
"Our presence in Asia Pacific was established on two strong foundations BNY Mellon's global leadership in the delivery of treasury services for USD-denominated transactions, and high standards for overall customer service and operational excellence," said J. David Cruikshank, Executive Vice President and Chief Executive Officer for BNY Mellon's Treasury Services group. "This year's FImetrix results reflect our success in building on that foundation, maintaining our high performance standards as we move forward with strategic initiatives designed to expand the scope of our services across key global currencies."
FImetrix conducts ongoing research in the global bank-to-bank services market, presenting key research findings from five regions Western Europe and North America, Central and Eastern Europe, the Middle East, Latin America and Asia-Pacific resulting from in-person interviews with nearly 600 banking executives. The report highlights such factors as product quality, customer service quality, pricing, relationship management, the ability to customize products, and Internet capabilities, among others.
With locations on six continents and a network of more than 2,000 correspondent financial institutions, BNY Mellon's Treasury Services group delivers high-quality performance in global payments, trade services, cash management, capital markets, foreign exchange and derivatives. It helps clients optimize cash flow, manage liquidity and make payments more efficiently around the world in more than 100 countries. Processing more than $1.4 trillion in payments transactions on a daily basis, the company is a top-five participant in both the CHIPS and overall funds transfer markets, and is a recognized leader in the delivery of white-label treasury services solutions for banks and other large institutional clients.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $27.1 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.5 trillion in outstanding debt and processes global payments averaging $1.4 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (BK). Additional information is available on www.bnymellon.com or follow us on Twitter @BNYMellon.
SOURCE BNY Mellon