BNY Mellon Extends Custody Banking Relationship with Virginia
Retirement System
NEW YORK, Nov. 8, 2012 /PRNewswire/ -- BNY Mellon, the
global leader in investment management and investment services,
today announced that it has renewed its contract to provide custody
banking services to the Virginia Retirement System ("VRS").
The contract extends the current relationship between BNY Mellon
and VRS for five years with an option to renew for
another five-year period.
BNY Mellon will continue to provide VRS with custody,
performance and risk, securities lending and foreign exchange
services.
"BNY Mellon has been a partner with us for many years and
we look forward to working with them to continue to
provide a variety of custody banking services on terms favorable to
our members," said Bob Schultze,
VRS Director.
"We are very pleased to continue our long-standing relationship
with the Virginia Retirement System," said Vince Sands, executive vice president and deputy
CEO of BNY Mellon Asset Servicing. "We remain committed to
providing the Virginia Retirement System with best-in-class custody
banking services that are important tools for their investment
professionals as they seek to create value for their members."
BNY Mellon is a global financial services company focused on
helping clients manage and service their financial assets,
operating in 36 countries and serving more than 100 markets.
BNY Mellon is a leading provider of financial services for
institutions, corporations and high-net-worth individuals, offering
superior investment management and investment services through a
worldwide client-focused team. It has $27.9 trillion in assets under custody and
administration and $1.4 trillion in
assets under management, services $11.6
trillion in outstanding debt and processes global payments
averaging $1.4 trillion per
day. BNY Mellon is the corporate brand of The Bank of New
York Mellon Corporation (NYSE: BK). Additional information is
available on www.bnymellon.com or follow us on
Twitter@BNYMellon.
SOURCE BNY Mellon