The Bank of New York Named Top International Trustee
NEW YORK, February 27, 2006 - The Bank of New York, a global leader in securities servicing, has been named the number one trustee for all international bond issues for the third quarter of 2005 by Thomson Financial, a leading provider of financial technology and information. This is the Bank’s third consecutive quarter in the top international position.
The Bank also received number one international rankings in investment grade bonds (excluding medium term takedowns), high yield bonds, structured finance issues, and emerging market issues. In addition, the Bank moved up to the number two position for CDOs.
Karen Peetz, executive vice president and head of The Bank of New York’s Corporate Trust Services Division, said, "We are pleased to once again be named the number one international trustee and to have the continued support of clients in markets around the world. Our international business is a valuable, high-growth element of our overall franchise and these combined results are evidence that our mix of customized services addresses our clients’ specific business and market needs."
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 of more than 90,000 trustee and agency appointments, representing $3 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 corporate and municipal debt, mortgage-backed and asset-backed securities, derivative securities services and international debt offerings.
The Bank of New York Company, Inc. (NYSE: BK) is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide. The Company has a long tradition of collaborating with clients to deliver innovative solutions through its core competencies: securities servicing, treasury management, investment management, and individual & regional banking services. The Company’s extensive global client base includes a broad range of leading financial institutions, corporations, government entities, endowments and foundations. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has consistently played a prominent role in the evolution of financial markets worldwide. Additional information is available at http://www.bankofny.com/.
