Suncorp-Metway signs with BNY for US dollar clearing services

Source: Bank of New York

The Bank of New York, a global leader in treasury management services, has been selected by Suncorp-Metway Limited to provide U.S. Dollar Clearing Services.

By using The Bank of New York's platforms, Suncorp-Metway Limited will benefit from its proven processing expertise and regional client support.

Suncorp's Chief Financial Officer & Executive Director Mr. Chris Skilton said, "A competitive and comprehensive review process was conducted. The Bank of New York impressed us with the depth of their commitment to their core business competencies and by their consultative relationship culture. The services provided to us by The Bank of New York will assist us in making our own business model even more efficient."

Kenneth A. Lopian, executive vice president and Head of The Bank of New York's Asia-Pacific Division, said, "We are gratified to be given the opportunity to deliver our U.S. dollar clearing and payment services to Suncorp-Metway Limited. Our ongoing investment in technology and commitment to delivering high quality client solutions enables us to provide the servicing platform that Suncorp requires."

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