10/22/03
NEW YORK, N.Y., October 22, 2003 - The Bank of New York announced today that it was named "Best Custody Bank" in Global Finance’s "Best Banks 2003" awards.
In recognizing The Bank of New York, Global Finance noted the following, "Known as a versatile player able to handle all the banking needs of the modern multinational, The Bank of New York has long been one of the world’s top custodial banks... Analysts agree the Bank’s strengths remain its use of innovative technology and its wide variety of custodial and other services."
The Bank offers its clients an unparalleled breadth and depth of products and services that include custody, foreign exchange, trade execution, investment accounting, cash management, risk management solutions, alternative investment administration, and analytical reporting. The Bank of New York’s diverse services are delivered through state-of-the-art portal technology that provides clients with highly flexible information delivery tools and reporting capabilities. The Bank has a worldwide presence in 29 countries and services $7.8 trillion of assets under custody and administration that span over 100 markets.
Joseph D. Giarraputo, publisher, Global Finance, said that the banks being recognized "have been able to build on their strengths and offer their customers premium service and value. They set the standards in their markets and are the envy of their competitors."
The Bank of New York Company, Inc. (NYSE: BK) is a global leader in securities servicing for issuers, investors and financial intermediaries. The Company plays an integral role in the infrastructure of the capital markets, servicing securities in more than 100 markets worldwide. The Company provides quality solutions through leading technology for global corporations, financial institutions, asset managers, governments, non-profit organizations, and individuals. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has a distinguished history of serving clients around the world through its five primary businesses: Securities Servicing and Global Payment Services, Private Client Services and Asset Management, Corporate Banking, Global Market Services, and Retail Banking. Additional information on the Company is available at www.bankofny.com.
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