The Bank of New York Receives Top Rankings in Global Custodian Bank Survey
LONDON, September 27, 2005 - The Bank of New York, a global leader in securities servicing, has received top ratings in the institutional investor and securities lending categories of this year’s Global Custodian magazine Global Custodian Bank Survey. The Bank was also commended in the fund manager category.
The Bank of New York was top rated overall by institutional investors and also received top scores in the following ten categories: reporting, income collection, tax reclaims, cash management, proxy voting, client service, fund manager transition management, performance measurement, compliance and technology.
In the securities lending questionnaire of the survey, the Bank received the highest overall score for the second consecutive year, in addition to receiving number one rankings in reporting, risk management and earnings performance.
Patrick E. Curtin, executive vice president of Investor Services, said, "The survey, which examines a wide range of service elements, demonstrates the confidence our clients have in the quality of our global custody capabilities. The results help validate the effectiveness of our client servicing model and underscore the importance of providing value-added services such as securities lending, which help our clients generate incremental revenue and realize the full value of their assets."
The Global Custodian survey has been published for 15 years. This year’s survey ranked providers based on analysis of 700 responses from institutional investor and fund manager clients.
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 www.bankofny.com.
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