Source: Bank of New York
The Bank of New York, a global leader in securities servicing, has been selected by Leeds Building Society as global custodian for $4 billion of assets, and as its issuing and paying agent, following a competitive pitch.
Paul Riley, Head of Group Treasury, Leeds Building Society, said, "We appointed The Bank of New York as it demonstrated a clear understanding of the sector we operate in. The team showed total commitment to our current and future needs since we began talks and they stood head and shoulders above their competition in showing that they have the experience to meet the complex nature of our business."
Tim Keaney, Executive Vice President and Head of Europe, The Bank of New York, said, "Winning this significant piece of business underlines our capabilities and proven track record in the building societies sector. We are proud to be able to deliver global custody and treasury services to Leeds Building Society and look forward to working with them."