BNY Mellon has won two awards from AsianInvestor at its Asset Management Awards 2021 — Best Global Custodian for Asset Owners and Best Data/Technology Services Provider — wins that recognize its position as a leading service provider in the region.
For the second time, BNY Mellon was named Best Global Custodian for Asset Owners, in recognition of the strong momentum across its businesses, formation of its new digital assets unit, as well as advancements in BNY Mellon Data and Analytics Solutions and BNY Mellon OMNISM, an interconnected global network powered by data to help clients drive business growth.
The award also recognized how BNY Mellon supports its clients’ expansion of product offerings by facilitating the utilization of China’s access schemes, including being the first global custodian to provide a seamless execution to custody services, allowing global clients in other regions to participate in a same-day trade and settlement cycle. Following the success of its Stock Connect triparty solution, BNY Mellon has also become the first triparty agent to open up the Chinese bond market to the international collateral marketplace.
“It is an honor for us to receive industry recognition in such challenging times, where we have shifted from ensuring business continuity for our clients to leading with resiliency. We are delighted to have already achieved significant milestones in the past year or so, such as enabling more efficient access to China’s capital markets, as well as forming a new digital assets unit to build the industry’s first multi-asset digital platform. Our clients are always at the center of all that we do – from enabling the scaling of their business with OMNI, or enhancing their digital experience with us through our strategic alliances,” Fangfang Chen, Asia Pacific Chair and Asia Pacific Head of Asset Servicing and Digital, BNY Mellon.
In addition, the award-winning BNY Mellon Data and Analytics Solutions also received the Best Data/Technology Services Provider, a new category introduced this year,for the breadth of technology and data projects implemented to support asset owners and asset managers in Asia Pacific, including key innovations built on Microsoft Azure.
“We have combined our expertise and resources with the skill and agility of a fintech to leverage the world’s most important asset class, data. This award is testament to how clients have benefited from data solutions to exponentially improve their operating and analytical capabilities, while enjoying the flexibility of cloud-based data solutions for today’s evolving market. We look forward to continuing our role as a trusted and strategic advisor in building a future-state data strategy with our clients.” Charles Teschner, Head of Data and Analytics Solutions at BNY Mellon.
Source: BNY Mellon