NEW YORK, July 13, 2015 /PRNewswire/ -- BNY Mellon, a
global leader in investment management and investment services, has
extended its relationship with Raymond James & Associates, Inc.
to provide subaccounting services for more than $140 billion in assets and 6.4 million active
investor positions.
BNY Mellon has been providing subaccounting services to Raymond
James since 2009 and also provides custody, credit and treasury
services to the company.
"Our continued investment in innovative technology to support
our subaccounting platform and our focus on client service has been
reflected by the extension of this important relationship with
Raymond James," said Michael
DeNofrio, global head of BNY Mellon's transfer agency
business. "The growing distribution of investment products through
intermediaries and increasing complexity of these products
continues to drive the growth of subaccounting services."
"Over the last five years BNY Mellon has collaborated with us to
help us achieve our goals and we are looking forward to continuing
the relationship," stated Denise
Samson, Senior Vice President, Operations, at Raymond
James. "The quality service and support we receive from BNY
Mellon makes us consider them a true partner."
BNY Mellon is the largest third-party provider of subaccounting
services in the U.S., as ranked by the 2015 Mutual Fund Service
Guide. This is the fifth year BNY Mellon has achieved this ranking.
BNY Mellon provides subaccounting services to more than 130 million
active positions with more than $2.6
trillion in assets.
BNY Mellon's Asset Servicing business supports institutional
investors in today's fast-evolving markets, safeguarding assets and
enhancing the management and administration of client investments
through services that process, monitor and measure data from around
the world. We leverage our global footprint and local expertise to
deliver insight and solutions across every stage of the investment
lifecycle.
BNY Mellon is a global investments company dedicated to helping
its clients manage and service their financial assets throughout
the investment lifecycle. Whether providing financial services for
institutions, corporations or individual investors, BNY Mellon
delivers informed investment management and investment services in
35 countries and more than 100 markets. As of March 31, 2015, BNY Mellon had $28.5 trillion in assets under custody and/or
administration, and $1.7 trillion in
assets under management. BNY Mellon can act as a single point of
contact for clients looking to create, trade, hold, manage,
service, distribute or restructure investments. BNY Mellon is the
corporate brand of The Bank of New York Mellon Corporation (NYSE:
BK). Additional information is available on
www.bnymellon.com, or follow us on Twitter @BNYMellon.
Contact:
Mike Dunn
+1 212 922 7859
mike.g.dunn@bnymellon.com
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SOURCE BNY Mellon