The Bank of New York Appointed by Mizuho Corporate Bank Ltd as Clearing Agent for Their London Business
LONDON, March 28, 2007 -- The Bank of New York, a global leader in securities servicing, has been appointed by Mizuho Corporate Bank Ltd, as clearing agent for its trading in US Treasury and Global securities clearing.
Colin Wallace, assistant director at Mizuho Corporate Bank, London Branch, said, "Following market analysis which focused on the London Branch requirements, we selected Bank of New York for its securities clearance capability. The Bank of New York demonstrated they could deliver solutions across multiple markets, which fit nicely within the London Branch business model."
David Aldrich, managing director at The Bank of New York, said, "This appointment reflects our pre-eminent position in broker dealer outsourcing and clearance solutions. We look forward to demonstrating our high level of service."
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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