The Bank of New York Appointed by Millennium BCP as Global Custodian
LONDON, February 28, 2007 -- The Bank of New York, a global leader in securities servicing, has been appointed by Banco Commercial Portugues (BCP), the largest privately owned financial group in Portugal, to act as global custodian for
Luis C. Ferreira, head of International Markets Department at BCP, said, "We appointed The Bank of New York because of its high level of service and we were particularly impressed with its capability to meet our demanding requirements across a broad range of custody services. We look forward to developing our relationship with the team and believe the Bank will provide us with an excellent service tailored to our needs."
Andrew Bell, executive vice president and head of Europe Global Investor Services at The Bank of New York, said, "This appointment is testimony to our growing strength within the global securities servicing market in Europe. We look forward to working with BCP to help secure its long term goals."
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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