September 2008

CUSTODY 2008: BNY Mellon Directory

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The Bank of New York Mellon
BNYMellon Financial Centre, 160 Queen Victoria Street,
London EC4V 4LA, UK
Tel: +44 (0)20 7163 5668
Fax: +44 (0)20 7163 5811

Country of origin: USA
Operating in Europe: since 1975 as Mellon; since 1994 as BNY (JV with AIB); since 2007 as BNY Mellon

Senior executives:
Nadine Chakar (London)   Executive VP/Head of EMEA
ââ?¬Ë?Asset Servicing
Harley Murphy  (Dublin)   Head of Offshore
Daron Pearce (London)   Head of Relationship Management EMEA
Joe Wheatley (Dublin)   Head of Investment Operations Europe

Business Split: Custody represents 37% (Q1, 2008) of wider organisation revenues
Parent’s other main business lines:
                       Asset Servicing
                       Asset Management
                       Wealth Management
                       Broker-Dealer and Advisor Services
                       Issuer Services
                       Treasury Services

European subcustody arrangements:
AUT    Bank Austria Creditanstalt AG, Vienna
BEL    BNP Paribas Securities Services, Brussels
BUL    Bank Austria Creditanstalt AG, Vienna
            (via UniCredit Bulbank, Sofia)
CRO   Bank Austria Creditanstalt AG
            (via Zagrebacka banka, Zagreb)
CYP    EFG Eurobank Ergasias S.A.
CZE    Citibank A.S., Prague
DEN   SEB (Skandinaviska Enskilda Banken)
EST    SEB (Skandinaviska Enskilda Banken)
FIN      Nordea Bank Finland PLC, Helsinki
FRA    BNP Paribas Securities Services, Paris
GER   BNP Paribas Securities Services, Frankfurt
GRE   EFG Eurobank Ergasias S.A.
GUE   Bank of New York Mellon, London
HUN   Unicredit Bank Hungary Zrt.
ISL      Islandsbanki HF, Reykjavik
IRL      Mellon Bank N.A., London Branch
ITA      BNP Paribas Securities Services, Milan
JER    Bank of New York Mellon, London
LTU    Scandinaviska Enskilda Banken
LAT     Scandinaviska Enskilda Banken
LUX    Euroclear Bank S.A.
NED   BNY Mellon Asset Servicing B.V.
NOR   Nordea Bank Norge ASA, Oslo
POL    Bank Handlowy w Warszawie SA., Warsaw
POR   Banco Comercial Portugues S.A., Lisbon
ROM   Bank Austria Creditanstalt AG, Vienna (via HVB Tiriac Bank, Bucharest)
SVK    HVB Bank Slovakia, Bratislava
SLO    Bank Austria A.G., Ljubljana
SPA    Santander Investment Services, S.A.
SWE   Skandinaviska Enskilda Banken, Stockholm
SWI     Union Bank of Switzerland, Zurich
UK      Bank of New York Mellon, Deutsche Bank AG London (Depository & Clearing Centre)

Domestic markets that are strategically important in the near future

Services offered in addition to Custody
                       Securities lending
                       Performance attribution
                       Proxy voting
                       Cash management
                       Compliance monitoring
                       Collateral management
                       Fund admin services
                       Transfer agency
                       Tax reclamation
                       Distribution support
                       Commission recapture
                       Transition management

Products/services showing the greatest increase in demand in past twelve months:
                       Exchange traded funds
                       Money market funds
                       Ucits III products with enhanced derivatives components.
                       Funds of funds

Products and services for development over the next twelve months:
In line with client requirements we have a series of ongoing and planned developments of our derivatives processing capabilities outlined below:
                       Trade capture: Extend FpML 4.2 rollout and
                        automated file receipt (XML or CSV).
                       Asset standing data: Enhanced deal reporting
                        capabilities for pricing and performance.
                       Pricing: Rollout of Derivatives Pricing System
                        (DPS) and dual vendor source service.
                       Vendors: Pursue existing & new vendors for
                        improved asset coverage & intra-day pricing.
                       Accounting: Continue development of OTC
                        modules with SunGard and position conversions.
                       Reconciliation: Develop interface & automate
                        tie-back to DTCC DerivServ/Trade Warehouse
                        – architecture under review.
                       Training: Extend vendor and web-based
                        training to include staff tests & certification.
                       Fund accounting: Our focus is on ensuring the
                        highest levels of straight through processing
                        for trade capture.

©2008 Funds Europe

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