BNY Mellon Awarded Banking License in Brazil
License Will Allow Company to Enhance Securities Servicing Capabilities to
Meet Client Needs
RIO DE JANEIRO and NEW YORK, Nov. 9, 2012
RIO DE JANEIROand NEW YORK, Nov.9, 2012 /PRNewswire/ --BNY Mellon, the
global leader in investment management and investment services, has been
granted a commercial banking license by the Brazilian Central Bank that will
enhance the company's securities servicing capabilities in the country. The
license has been granted to BNY Mellon Banco S.A.
With the new license, BNY Mellon will initially offer custody services for
non-resident investors and private equity funds, as well as deposit-taking,
collateral and agency services through its Corporate Trust business.
"Brazil represents one of our most important strategic markets globally and
our new banking license will significantly enhance our ability to meet the
securities servicing needs of our clients," said Gerald Hassell, chairman,
president and chief executive officer of BNY Mellon. "We are confident that
our commitment to Brazil will provide meaningful benefits to our clients, who
value our financial strength, wide range of global services, and local
expertise and experience."
"We have experienced outstanding growth in Brazil over the last decade and the
new license reinforces our plans to continue to grow and invest in the
country," said Zeca Oliveira, BNY Mellon's country executive in Brazil and CEO
of the newly formed BNY Mellon Banco S.A.
BNY Mellon, which has more than 500 staff members in offices in Rio de Janeiro
and Sao Paulo, currently holds local leadership positions in asset management
and securities servicing, with more than $11 billion in assets under
management, approximately $92 billion in assets under administration and 69%
market share of Brazilian DR programs. The company offers a full range of
asset management, asset servicing, wealth management, depositary receipts,
treasury services, and corporate trust services to the Brazilian market.
Notes to Editors:
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). Learn more at www.bnymellon.com or follow
us on Twitter @BNYMellon.
Source: BNY Mellon as of 30 September 2012
SOURCE BNY Mellon
Contact: Ligia Braun, +55 21 3219 2080, email@example.com, or Kevin
Heine, +1-212-635-1590, firstname.lastname@example.org
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