BNY Mellon Selected by Geary Advisors to Provide Custody For Texas and Oklahoma ETFs
02 Dezembro 2009 - 10:49AM
PR Newswire (US)
First ETFs to Focus on Businesses within Specific States NEW YORK,
Dec. 2 /PRNewswire-FirstCall/ -- BNY Mellon Asset Servicing, the
global leader in securities servicing, has been selected by Geary
Advisors, LLC to provide custody, fund administration, fund
accounting and transfer agency services for the Oklahoma
Exchange-Traded Fund (NYSE Arca: OOK) and the Texas Large Companies
Exchange-Traded Fund (NYSE Arca: TXF), the first two
exchanged-traded funds (ETFs) to focus on businesses in specific
states. Geary Advisors, LLC, part of The Geary Companies Inc., is
the investment advisor for both ETFs. "We are impressed with the
high quality of the services that BNY Mellon provides for ETFs,"
said Keith Geary, chairman of The Geary Companies. "BNY Mellon is
providing us with customized services that enable us to offer these
targeted, innovative ETFs to the investment community." "We are
seeing heightened interest in ETFs, as investors demand a
cost-effective method to target an increasing number of market
niches," said Joseph Keenan, managing director and head of
relationship management for financial services companies at BNY
Mellon Asset Servicing. "We are investing in the technology
required to deliver ETFs that are easily scaleable for both active
and passive investors." BNY Mellon Asset Servicing offers clients
worldwide a broad spectrum of specialized asset servicing
capabilities, including custody and fund services, securities
lending, performance and analytics, and execution services. BNY
Mellon Asset Servicing provides services through BNY Mellon and
other related companies. BNY Mellon is the corporate brand of The
Bank of New York Mellon Corporation. BNY Mellon is a global
financial services company focused on helping clients manage and
service their financial assets, operating in 34 countries and
serving more than 100 markets. BNY Mellon is a leading provider of
financial services for institutions, corporations and
high-net-worth individuals, providing superior asset management and
wealth management, asset servicing, issuer services, clearing
services and treasury services through a worldwide client-focused
team. It has $22.1 trillion in assets under custody and
administration and $966 billion in assets under management,
services $11.9 trillion in outstanding debt and processes global
payments averaging $1.6 trillion per day. Additional information is
available at http://www.bnymellon.com/. DATASOURCE: BNY Mellon
CONTACT: Mike Dunn, BNY Mellon Asset Servicing, +1-212-922-7859,
Web Site: http://www.bnymellon.com/
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