The Bank of New York Appointed by Goldman Sachs International to Provide Luxembourg Fund Services
LONDON, June 14, 2007 -- The Bank of New York, a global leader in securities servicing, has been appointed by Goldman Sachs International to provide a full range of fund services for its UCITS III Luxembourg Sicav. The Bank will act as depository bank, custodian, fund accountant, transfer agent and global collateral manager.
Suzanne Yee, executive director at Goldman Sachs International, said, “Following a market review we selected The Bank of New York to provide Luxembourg Fund Services for our UCITS III Luxembourg Sicav and we look forward to working with them on this initiative.” David Aldrich, managing director within EMEA Investor Services at The Bank of New York, said, “We are honoured to partner with Goldman Sachs International in launching this new UCITS III Sicav based in Luxembourg. We look forward to demonstrating a high level of service and to helping Goldman Sachs grow its business.”
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 wealth management. 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.
Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, it is one of the oldest and largest investment banking firms. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centres around the world. Additional information is available at www2.goldmansachs.com.
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