National Bank of Kazakhstan and Bank of New York Expand Global Custody Relationship
LONDON, May 30, 2007--The National Bank of Kazakhstan (NBK) has expanded its relationship with The Bank of New York, a global leader in securities servicing, by appointing the company to act as global custodian for an additional US$7.5 billion of assets. The Bank of New York provides a full range of services to The National Bank of Kazakhstan including securities lending, investment accounting and performance measurement.
Yuri Gerasimenko, director, treasury department, National Bank of Kazakhstan, said, "Over the three years we have been working with The Bank of New York, they have demonstrated that they have the knowledge and experience to meet the complex needs of our business."
Andrew Bell, executive vice president and head of Europe Global Investor Services, The Bank of New York, said, "We are very pleased that The National Bank of Kazakhstan, one of Central Asia's leading central banks, has chosen to further develop its relationship with us. This underlines the strengths and efforts of our team and our ability to identify solutions to support the business needs of our 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, asset management, and wealth management. 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 » |
