BNY Mellon Selected to Provide ETF Services for Old Mutual's Global ETFs
19 Januar 2010 - 2:25PM
PR Newswire (US)
Services include custody, fund accounting, fund administration NEW
YORK, Jan. 19 /PRNewswire-FirstCall/ -- BNY Mellon Asset Servicing,
the global leader in securities servicing, has been selected by Old
Mutual Global Index Trackers U.S. LLC (OMGXT) to provide ETF
services for its five new global exchange-traded funds:
GlobalShares FTSE All-World Fund, GlobalShares FTSE Emerging
Markets Fund, GlobalShares All-Cap Asia Pacific ex Japan Fund,
GlobalShares All-World ex US Fund, and GlobalShares FTSE Developed
Countries ex US Fund. The services include custody, fund
accounting, fund administration, transfer agency services and ETF
services. BNY Mellon provides ETF services for more than $100
billion in assets for its global clients. "We have selected BNY
Mellon as a key partner because of its demonstrated ability to help
clients bring global and emerging market ETF products to market in
a timely and effective manner," said Tendai Musikavanhu, chief
executive officer of OMGXT. "BNY Mellon has the capabilities to
provide the comprehensive suite of services we require." "We are
pleased to extend our growing global relationship with Old Mutual
to now include ETFs," said Joseph Keenan, managing director and
head of relationship management for financial institutions at BNY
Mellon Asset Servicing. "We continue to invest in expanding our
industry-leading ETF capabilities as one of our top priorities is
to deliver industry-leading technology and the highest-quality
services to this rapidly growing segment of the financial product
marketplace." OMGXT has listed GlobalShares FTSE Emerging Markets
Fund (NYSE:GSR) on the NYSE-Arca. This is the first ETF tracking
the FTSE Emerging Markets Index in the US. OMGXT, which is managing
the funds from its South Africa offices, also has offices in London
and Boston. BNY Mellon Asset Servicing offers clients worldwide a
broad spectrum of specialized asset servicing capabilities,
including custody and fund services, securities lending,
performance and analytics, and execution services. BNY Mellon Asset
Servicing provides services through BNY Mellon and other related
companies. BNY Mellon is the corporate brand of The Bank of New
York Mellon Corporation. BNY Mellon is a global financial services
company focused on helping clients manage and service their
financial assets, operating in 34 countries and serving more than
100 markets. BNY Mellon is a leading provider of financial services
for institutions, corporations and high-net-worth individuals,
providing superior asset management and wealth management, asset
servicing, issuer services, clearing services and treasury services
through a worldwide client-focused team. It has $22.1 trillion in
assets under custody and administration and $966 billion in assets
under management, services $11.9 trillion in outstanding debt and
processes global payments averaging $1.6 trillion per day.
Additional information is available at http://www.bnymellon.com/.
DATASOURCE: BNY Mellon CONTACT: Mike Dunn, BNY Mellon Asset
Servicing, +1-212-922-7859, Web Site: http://www.bnymellon.com/
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