Chase Receives Top Rankings in Industry Surveys.NEW YORK--(BUSINESS WIRE)--Nov. 8, 1999-- The Chase Manhattan Bank The Chase Manhattan Bank, now part of JPMorgan Chase, was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. The bank is headquartered in New York City. , lead subsidiary of The Chase Manhattan Corporation The Chase Manhattan Corporation was a bank holding company formed as parent of the Chase Manhattan Bank. During its time as the parent company, it was led in succession by David Rockefeller, Willard C. Butcher, and Thomas G. Labrecque. (NYSE NYSE See: New York Stock Exchange : CMB Noun 1. CMB - (cosmology) the cooled remnant of the hot big bang that fills the entire universe and can be observed today with an average temperature of about 2. ), announced today that Global Investor Services (GIS) ranked number one in Global Custodian's ninth annual survey on global custody services. Chase was awarded 35 Orders of Merit, encompassing more product and service categories than any other competitor. Merits were received in every category, including client service, risk management, client reporting, network management, settlement, safekeeping Safekeeping The storage of assets or other items of value in a protected area. Notes: Individuals may use self-directed methods of safekeeping or the services of a bank or brokerage firm. , cash and foreign exchange, securities lending Securities Lending When a brokerage lends securities owned by its clients to short sellers. Notes: This allows brokers to create additional revenue (commissions) on the short sale transaction. , derivatives, performance measurement, offshore funds, and technology. "Year after year, Chase is recognized as the No.1 Global Custodian in industry surveys and rankings," said Tom Swayne, Executive Vice President and Global Investor Services Business Executive. Earlier this year, Chase was cited as Best Global Custodian for the Larger Fund Managers by Global Investor, Largest Global Custodian by Institutional Investor 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. , Best Bank by Euromoney, and Best Overall FX Service by Global Investor. Swayne added, "These top rankings confirm our position as the world's premier provider of investor solutions. Armed with our renowned product and service expertise, our people, and our leading technology, Chase is clearly a winning franchise in a growing industry." 1999 Industry Surveys/Rankings -- Most Orders of Merit (Global Custodian) -- No. 1 Global Custodian for Larger Fund Managers (Global Investor) -- Largest Global Custodian (Institutional Investor) -- Best Bank (Euromoney) -- Best Overall FX Service (Global Investor) With $371 billion in assets as of September 30, 1999, The Chase Manhattan Corporation is one of the world's premier 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. institutions with top-tier rankings in investment banking, private banking, trading and global markets activities, as well as information and transaction processing. GIS is one of the world's largest providers of custody and investor related services with over $5.2 trillion in assets under custody, of which more than $1.9 trillion are global assets. GIS provides investor solutions in 83 markets to mutual funds, investment managers, pension funds, insurance companies and banks throughout the world. For more information, please visit www.chase.com/gis. Note: -- Chase was awarded 35 Orders of Merit in 35 distinct categories, whereas the Number 2-ranked custodian received 35 Orders of Merit in 34 distinct categories. |
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