The Bank of New York Earns Top Transfer Agent Recognition for Fourth Consecutive Year
NEW YORK, October 27, 2005 -- The Bank of New York, a global leader in securities servicing, announced today that its Stock Transfer Division has been rated the top domestic transfer agent in the large agent category for the fourth year in a row, according to an independent survey conducted by
Group Five, a consulting and shareholder research company, conducts the study annually to assess clients' opinions of services provided to registered shareowners by securities transfer agents. The large agent category consists of agents who serve more than
In the survey, The Bank of New York rated number one when compared to its peer group in each of the six major service categories: account administration, stock transfers, issuer services, dividend disbursements, investment plan services, and service to shareowners. Overall, the Bank achieved a client satisfaction rating
Gary Nazare, managing director and Head of The Bank of New York’s Transfer Agency Division, said, "We work closely with our clients to ensure that our business strategies are aligned with their needs so we can help them achieve their corporate and investor service goals. We are proud to have performed so well in the survey and to have been recognized as number one in the large agent segment, since these results illustrate the success of our client-centered approach."
The Bank of New York is among the world's leading transfer agents, providing shareholder services to more than 1,950 U.S. and non-U.S. corporations worldwide. The Bank provides recordkeeping, dividend paying and reinvestment, proxy tabulation, employee investment plan, and corporate reorganization services for corporate issuers of equity securities. More information is available at www.stockbny.com.
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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