The Bank of New York Named Best Custody Bank for Seventh Consecutive Year
NEW YORK, November 16, 2006 -- The Bank of New York, a global leader in securities servicing, has been named "Best Custody Bank" in Global Finance's World's Best Banks awards for the seventh consecutive year.
In its October issue, Global Finance cited the Bank's global leadership in custody, correspondent clearing, government securities clearing, depositary receipts, corporate trust and trade execution.
Patrick E. Curtin, executive vice president of investor services at The Bank of New York, said, "This recognition demonstrates our success in helping clients move and manage their assets while measuring and managing risk. We strive to be the acknowledged global leader in helping our clients succeed in the world's financial markets, and this type of independent recognition reflects our continued success in achieving that vision."
This is the fourth award that The Bank of New York has received from Global Finance this year. The Bank was previously named "Best Sub-Custodian -- United States," "Best Foreign Exchange Research," and "Best Foreign Exchange Bank -- United States (Honorable Mention)."
The Bank of New York Company, Inc. (NYSE: BK) is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide. The Company has a long tradition of collaborating with clients to deliver innovative solutions through its core competencies: securities servicing, treasury management, asset management, and private banking. The Company's extensive global client base includes a broad range of leading financial institutions, corporations, government entities, endowments and foundations. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has consistently played a prominent role in the evolution of financial markets worldwide. Additional information is available at www.bankofny.com.
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