NEW YORK, June 14, 2016 /PRNewswire/ -- BNY Mellon, a
global leader in investment management and investment services, has
been awarded a contract from the U.S. General Services
Administration (GSA) that enables the company to offer an
integrated suite of loan servicing and related support services to
a wide range of federal agencies that maintain credit programs such
as direct loans and loan guarantee programs.
The contract, awarded under the loan servicing and asset
management category, provides for BNY Mellon to deliver services
through Colson Services Corp., a wholly owned subsidiary.
"Federal agencies seeking a financial services provider can
shorten the procurement process by utilizing approved contractors
such as BNY Mellon that have obtained GSA contracts rather than
going through alternative procurement processes," said Robert L. Griffin, president of Colson and a
managing director in BNY Mellon's Corporate Trust group.
Colson Services Corp., a wholly owned subsidiary of BNY Mellon,
is an independent third-party provider of customized solutions for
federal government agencies operating loan and loan guaranty
programs.
BNY Mellon is a leading provider of corporate trust services to
the debt capital markets, offering customized and market-driven
solutions to investors, bondholders and lenders. As of March 31, 2016, BNY Mellon Corporate Trust served
as trustee and/or paying agent on more than 58,000 debt-related
issues globally. The corporate trust business utilizes its global
footprint and expertise to deliver a full range of issuer and
related investor services including trustee, paying agency,
fiduciary, escrow, and other financial services. The business
administers a wide array of assets and types of programs to
multinational corporations, financial institutions, governments and
their agencies, and the banking, securities, and insurance
industries.
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, 2016, BNY Mellon had $29.1 trillion in assets under custody and/or
administration, and $1.6 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.
Follow us on Twitter @BNYMellon or visit our newsroom at
www.bnymellon.com/newsroom for the latest company news.
Contact:
Mike
Dunn
+1 732 667
2678
mike.g.dunn@bnymellon.com
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SOURCE BNY Mellon