BNY Mellon Pushing Trust Biz In Australia, Asia

Bank of New York Mellon is making a push to expand its corporate trust presence in Australia and Asia.

  • 06 Nov 2007
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--Cathy Cunningham

Bank of New York Mellon is making a push to expand its corporate trust presence in Australia and Asia. The bank is currently in the process of setting up a new document custody center in Sydney, Australia. Around 40 people have already been hired and BNY Mellon is now looking to continue recruiting and expanding in the region, said Patrick Tadie, executive v.p.

The firm is also looking to expand its footprint in Asia. It already has a presence in Tokyo, but now wants to expand further. "We're looking to grow our presence through the JPM asset swap," Tadie said of the 2006 deal where BNY swapped its consumer and small business operations for JPMorgan’s corporate trust business. He said there will also likely be two or three securitizations carried out in China in the next two to three months, including one credit card deal. Tadie also stressed the increasingly important role of the trustee in today's market environment on a panel yesterday.

  • 06 Nov 2007

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 83,931.01 244 12.94%
2 Bank of America Merrill Lynch 71,587.85 220 11.03%
3 Wells Fargo Securities 64,351.96 203 9.92%
4 JPMorgan 46,391.25 147 7.15%
5 Credit Suisse 37,323.31 115 5.75%