For the second year in a row, BNY Mellon has been recognized as the top honoree at Global Custodian’s Leaders in Custody awards ceremony. The world’s leading industry publication dedicated to international securities services again named BNY Mellon Global Custodian of the Year.
Coming as BNY Mellon celebrates its 240th anniversary year, the honors are an affirmation of BNY Mellon’s status as a leader and pioneer of custody services, with $48.8 trillion in AUC/A as of March 31, 2024. Custody services are a foundational element underpinning the firm’s mission to deliver data-driven, innovative and integrated capabilities across all of its businesses. This approach ultimately delivers operational and investment alpha and resiliency to BNY Mellon’s global client base.
This award comes on the heels of the seismic T+1 transition in the U.S., Canada and Mexico. Core to the firm’s strategy was its engagement with the industry, regulators and clients (producing over 15,000 hours of educational content) on preparedness, risk management and opportunities to drive operating model efficiencies, scalability and resilience.
Emily Portney, Global Head of Asset Servicing, BNY Mellon said: “This award is a testament to BNY Mellon’s relentless client focus. We develop strong partnerships with our clients and bring the entirety of our firm to help accelerate their strategy and growth. We thank our clients for the trust they place in us and congratulate our colleagues across BNY Mellon who made this possible.”
Ryan Cuthbertson, Global Head of Custody Services, BNY Mellon said: “As we manage, move, and protect assets for our clients, we increase efficiency and transparency, allowing them to focus on their core business and drive their bottom line. I’m proud of everything the custody team has accomplished for our clients and their success in moving our industry forward globally.”
Jonathan Watkins, Managing Editor, Global Custodian said: “In a fiercely competitive category, there were some strong contenders looking to stop BNY Mellon winning Global Custodian of the Year back-to-back. However, there were a handful of reasons why the world’s largest asset servicer retained its crown. For us, the prevailing factor was just how much BNY Mellon resonates with the largest clients in the market on a global scale, whether that’s through retention or winning new business. We also commend the investments in its core services and infrastructure, along with advances in data and transformation.”
To learn more about BNY Mellon’s Asset Servicing offerings, further details can be found here.