BNY Mellon Asset Servicing Named Custodian by Public Safety Personnel Retirement System of Arizona

PITTSBURGH, Jan. 9 /PRNewswire-FirstCall/ -- BNY Mellon Asset Servicing, the global leader in asset servicing, announced that it has been named custodian for $7 billion in public funds administered by the Public Safety Personnel Retirement System of Arizona (Arizona PSPRS). BNY Mellon Asset Servicing will provide global custody, performance and analytics, foreign exchange, and securities lending services.

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"We work constantly to advance the investment service products and platforms that public fund clients like Arizona PSPRS utilize to make informed decisions on behalf of plan participants and to protect their financial future," said Vince Sands, executive vice president, BNY Mellon Asset Servicing. "We look forward to partnering with Arizona PSPRS and delivering superior support in every phase of our relationship."

The Public Safety Personnel Retirement System of Arizona provides benefits to more than 10,000 retired police, fire fighters, judges, elected officials, and corrections officers across the state. More information is available at psprs.com.

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 The Bank of New York, Mellon Bank, N.A. and other related companies.

The Bank of New York Mellon Corporation 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. The company 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 more than $20 trillion in assets under custody and administration, more than $1.1 trillion in assets under management and services $11 trillion in outstanding debt. Additional information is available at bnymellon.com.