PITTSBURGH, Feb. 13 /PRNewswire-FirstCall/ -- Mellon Financial
Corporation announced that its Asset Servicing group has been selected by
Middlebury College, one of the nation's most highly regarded liberal arts
colleges, to provide global custody, performance measurement and analytics,
and cash management for the college's $887 million endowment.
"Mellon is a top-tier custodian for not-for-profit institutions and has
developed the tools that will enable us to manage our endowment as
effectively as possible," said Patrick Norton, associate vice president for
finance and controller of Middlebury College.
"Providing services to endowments has been one of our top priorities,"
said Vince Sands, executive vice president of Mellon Financial and
president of Mellon's U.S. Trust Services. "Currently, we provide custody
and related services for 55 percent of the nation's 20 largest endowments
and for 36 percent of the top 50 endowments. We are continuing to make
major investments in technology and client service so that we can continue
to enhance the quality and range of services that we provide."
Mellon's Asset Servicing group provides solution-oriented service and
tools to support the entire investment process for investment managers,
public and private pension funds, endowments and foundations, 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 (NYSE: MEL) 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, private wealth management,
asset servicing and payment solutions and investor services. Mellon has
approximately $5.5 trillion in assets under management, administration or
custody, including $995 billion under management. News and other
information about Mellon is available at http://www.mellon.com.
SOURCE Mellon Financial Corporation
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Related links:
http://www.mellon.com
CONTACT:
Mike Dunn of Mellon Financial Corporation,
+1-212-922-7859, or dunn.mg@mellon.com
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