HONG KONG, Oct. 13, 2015 /PRNewswire/ -- BNY Mellon, a
global leader in investment management and investment services, has
been appointed by Clearstream and Euroclear (International Central
Securities Depositaries or "ICSDs") to provide sub-depositary
services in Asia Pacific ("APAC")
allowing APAC issued global notes to be deposited locally in
Hong Kong with BNY Mellon.
This extension of BNY Mellon's established sub-depositary
capability into the APAC region offers Asian issuers greater access
to global capital markets and enhanced efficiency and flexibility
in their settlement processes.
Gary Lew, head of Corporate Trust
in Asia Pacific for BNY Mellon,
said the decision to expand this service is designed to meet the
growing demand for bond and note issuances in the APAC region.
"With bond issuance volumes in Asia continuing to rise, BNY Mellon continues
to be invested in the development of its resources and technologies
to broaden our offering in this area", said Lew. "This new
capability will enable us to deliver value added solutions to our
clients who are issuing securities into the international debt
markets and this will further complement our existing Corporate
Trust product suite. We will offer our Asian sub-depositary
capability in APAC with Euroclear Bank and Clearstream, both of
which are long-term partners of BNY Mellon."
Alton Chan, Clearstream's
Regional Head of North Asia, said:
"Clearstream is very pleased to collaborate with BNY Mellon to
extend their offering of Common Depositary services in Hong Kong, supporting the Asia Pacific region. The development of this
service shall bring added value to issuers in the region and
investors globally, increasing efficiency and access to global
capital markets. Clearstream will increasingly use its operational
presence in Singapore to support
the development of the international securities market."
"I am delighted that our long-standing European relationship
with BNY Mellon acting as a Common Depositary has now been extended
to the Asia Pacific region",
stated Euroclear Bank Hong Kong branch Chief Executive Officer,
Ivan Nicora. "This expanded service
offering further illustrates the continued importance of the region
in the capital markets space. Throughout the region, in
particular via our 150 operational staff based in
Hong Kong, we have been serving
the needs of regional issuers and investors alike for years. This
development underscores BNY Mellon's regional aspirations and we
look ahead to the continuing growth of the international securities
market together with BNY Mellon as a key partner."
This new service complements BNY Mellon's existing Corporate
Trust capabilities in the region to position itself at the
forefront of initiatives to provide full service closing facilities
in region, in collaboration with its ICSD partners.
BNY Mellon Corporate Trust clients include governments and their
agencies, multinational corporations, financial institutions and
other entities that access the global debt capital markets. The
Corporate Trust business utilizes its global footprint and
expertise to deliver a full range of issuer and related investor
services and to develop customized and market-driven solutions. Its
range of core services includes debt trustee, paying agency, escrow
and other fiduciary business. As of June 30,
2015, BNY Mellon Corporate Trust has served as trustee
and/or paying agent on more than 60,000 debt-related issues
globally.
Notes to editors:
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 June 30, 2015, BNY Mellon had $28.6 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.
Follow us on Twitter @BNYMellon or visit our newsroom at
www.bnymellon.com/newsroom for the latest company news.
This release is for informational purposes only. BNY Mellon
provides no advice nor recommendation or endorsement with respect
to any company or securities. Nothing herein shall be deemed to
constitute an offer to sell or a solicitation of an offer to buy
securities. Depositary Receipts: Not FDIC, State or Federal Agency
Insured; May Lose Value; No Bank, State or Federal Agency
Guarantee. BNY Mellon provides no advice nor recommendations or
endorsement with respect to any company, security or products based
on any index licensed by BNY Mellon, and we make no representation
regarding the advisability of investing in the same. For more
disclosures, see
https://www.bnymellon.com/us/en/disclaimers/business-disclaimers.jsp#corporatetrust
Contact:
Karen Khaw
+852 2840 9732
karen.khaw@bnymellon.com
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SOURCE BNY Mellon