Barnard College, Dickinson College, The University of Tulsa Select Mellon Financial To Provide Custody
20 Junho 2007 - 10:22AM
PR Newswire (US)
BOSTON, June 20 /PRNewswire-FirstCall/ -- Mellon Financial
Corporation (NYSE:MEL) announced that its Asset Servicing group has
been selected by Barnard College, Dickinson College and The
University of Tulsa to provide global custody, performance and
analytics for their endowments funds. Combined, the endowment
assets are approximately $565 million. "We continue to build on our
market-leading position as a custodian for university endowments,"
said Vince Sands, executive vice president of Mellon Financial and
president of Mellon's U.S. Trust Services. "Our commitment to
technology and client service is enabling us to provide the types
of leading- edge services these clients require." Currently, Mellon
provides custody and related services for 55 percent of the
nation's 20 largest endowments and for 36 percent of the top 50
endowments. Mellon's Asset Servicing group provides
solution-oriented service and tools to support the entire
investment process for endowments and foundations, investment
managers, public and private pension funds, mutual funds, insurance
and other financial institutions. The Asset Servicing group is
comprised of Eagle Investment Systems, DPM Mellon, Mellon
Analytical Solutions, and its joint venture partnerships -- ABN
AMRO Mellon and CIBC Mellon. Mellon Financial Corporation is a
global financial services company. Headquartered in Pittsburgh,
Mellon is one of the world's leading providers of financial
services for institutions, corporations and high net worth
individuals, providing asset management, wealth management, asset
servicing, issuer services and treasury services. Mellon has
approximately $5.8 trillion in assets under management,
administration or custody, including $1.034 trillion under
management. News and other information about Mellon is available at
http://www.mellon.com/. DATASOURCE: Mellon Financial Corporation
CONTACT: Mike Dunn of Mellon Financial Corporation,
+1-212-922-7859, Web site: http://www.mellon.com/
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