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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
Nadine Chakar (London) Executive VP/Head of EMEA 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