The Bank of New York Voted ``Custodian of the Year''.LONDON -- 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. , a global leader in securities servicing, was named "Custodian of the Year" at the 2005 UK Pensions Awards organised by Professional Pensions magazine. The Bank of New York was selected by the judges from a record number of entries for the part it has played in meeting its clients' demands, and its leadership role in consulting and partnering with the pensions industry. The UK Professional Pensions Awards are widely recognised by the industry as the main awards ceremony, and honour excellence in and outstanding contributions to the UK Pensions Industry. The award follows a particularly successful period for The Bank of New York, with pension mandates awarded recently by Abbey, Reuters and Electricity Supply Pension Scheme (ESPS ESPS Essential Small Pharmacies Scheme (UK) ESPS East Spring Primary School (Singapore) ESPS Electrode-Separated Piezoelectric Sensor ). The Bank of New York's recent initiatives include a pension summit, which provided a platform for pension professionals to discuss industry issues such as CP176 and hedge funds, and a client advisory forum to debate key issues pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. . The Bank of New York is the largest provider of securities services to UK pension funds and has 140 direct relationships with pension funds, which accounts for 17% of the market. Tim Keaney, executive vice president and Head of Europe at The Bank of New York, comments, 'This is a very prestigious award and reflects our excellent position and leadership in servicing the whole of the UK Pensions Market. We serve a wide range of size of pension customers and continue to build out our product to meet the unique needs of all pension customers." The judging panel was chaired by Professional Pensions editor Len Roberts and included industry experts such as Roger Cobley, president of the Pensions Management Institute and Christine Farnish, chief executive of the NAPF NAPF National Association of Pension Funds NAPF Nuclear Age Peace Foundation NAPF National Association of Pipe Fabricators . The Bank of New York Company, Inc. (NYSE NYSE See: New York Stock Exchange : BK) is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets Financial assets Claims on real 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 United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. 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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