The Bank of New York Appointed by Bank of Tokyo-Mitsubishi UFJ (Luxembourg) S.A. as Sub-custodian in the UK Market
LONDON, February 26, 2007 -- The Bank of New York, a global leader in securities servicing, has been appointed by Bank of Tokyo-Mitsubishi UFJ (Luxembourg) S.A. to custodize $3.4 billion of its assets in the UK market.
Hiroaki Harada, managing director at Bank of Tokyo-Mitsubishi UFJ (Luxembourg) S.A., said, "We appointed The Bank of New York because of its personalized approach. We were especially keen on its proven service model and impressive custody and clearing capabilities. We look forward to developing our relationship with the Bank and believe the team will provide us with an excellent service that meets our current and future needs."
Tim Keaney, senior executive vice president and head of Europe at The Bank of New York, said, "This appointment shows the strength of the securities servicing business, and the Bank's ability to deliver solutions to our global client base. We’re looking forward to assisting Bank of Tokyo-Mitsubishi UFJ further develop its franchise in Europe."
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, asset management, and private banking. 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.
| « Back to Press Releases | « Previous Next » |
