BNY Jaywalk, Inc. Becomes Founding Member of New Investorside Research Association.Business Editors NEW YORK--(BUSINESS WIRE)--July 24, 2002 The Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. announced today that BNY BNY Bank of New York Jaywalk jay·walk intr.v. jay·walked, jay·walk·ing, jay·walks To cross a street illegally or in a reckless manner. [From jay2, inexperienced person. , Inc., the Bank's independent equity research consultancy, has become a founding member of Investorside Research Association (Investorside), a Washington, D.C.-based organization created to promote investor trust through the use of investment research that is aligned with the financial interests of investors. Investorside was formally launched at a press conference held today, Wednesday, July 24 at the National Press Building in Washington, D.C. Scott Cleland, chairman and chief executive officer of the Precursor precursor /pre·cur·sor/ (pre´kur-ser) something that precedes. In biological processes, a substance from which another, usually more active or mature, substance is formed. In clinical medicine, a sign or symptom that heralds another. Group, and John Eade, president of Argus Research, founded Investorside. Investorside's mission is to increase investor and pensioner PENSIONER. One who is supported by an allowance at the will of another. It is more usually applied to him who receives an annuity or pension from the government. trust in U.S. capital markets through the promotion and use of investment research that is targeted to and in harmony with investor interests. To help accomplish this objective, independent research providers who want to join the association will have their research and marketing materials thoroughly reviewed and will also have to go through a vigorous certification process in which they attest To solemnly declare verbally or in writing that a particular document or testimony about an event is a true and accurate representation of the facts; to bear witness to. To formally certify by a signature that the signer has been present at the execution of a particular writing so as that they are not involved in investment banking. "Investorside is pleased that BNY Jaywalk has joined our association. Our mission is to restore confidence in investment research by creating better-informed investors through access to abundant competitive research alternatives. BNY Jaywalk's expertise in the area of independent investment research will greatly contribute to this goal of the association," said Scott Cleland, co-founder of Investorside. "BNY Jaywalk is the foremost aggregator of in-depth and objective analysis for institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. . We look forward to serving as a founding member of Investorside and to promoting analysis that will benefit investors and help them make better-informed decisions," said John D. Meserve, president of BNY Jaywalk. As a third-party aggregator of quality independent investment research, BNY Jaywalk brings together well-respected research providers on one platform to assist the buy-side community in identifying, analyzing, and executing unique and high quality investment ideas. The consultancy now works with nearly 30 research providers. BNY Jaywalk is a non-broker dealer subsidiary within The Bank of New York's Brokerage and Clearing Services Sector. Additional information is available at www.bnyjaywalk.com. The Bank of New York's Brokerage and Clearing Services sector includes several of the Bank's broker/dealer subsidiaries that focus on serving the institutional and broker/dealer community and seek to enhance the performance of correspondents by providing a broad range of value-added non-broker/dealer services for which the Bank is known, including best execution practices, efficient clearing and differentiated value-added products and capabilities. The Bank of New York, founded in 1784 by Alexander Hamilton Hamilton, city, Bermuda Hamilton, city (1990 est. pop. 3,100), capital of Bermuda, on Bermuda Island. It is a port at the head of Great Sound, a huge lagoon and deepwater harbor protected by coral reefs. , is the nation's oldest bank and is the principal subsidiary of The Bank of New York Company, Inc. (NYSE NYSE See: New York Stock Exchange : BK), a financial holding company. With over $80 billion in total assets as of June 30, 2002, the Company provides a complete range of banking and other financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. to corporations and individuals worldwide through its basic businesses, namely, Securities Servicing and Global Payment Services, Corporate Banking, BNY Asset Management and Private Client Services, Retail Banking, and Global Market Services. Additional information on the Company is available at www.bankofny.com. |
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