BNY Mellon FX achieved its best ratings yet at the prestigious Euromoney Awards, taking 8th place overall in the 2022 Survey, up from 32nd in 2018 and 49th in 2016. BNY Mellon ranked 1st in 13 categories, including Customer Satisfaction and Research for the third year running.
This recognition owes much to the iFlow platform, which is valued by clients for providing a breadth of analysis and insights to better inform FX strategies. 2021 also saw the expansion of BNY Mellon’s FX offering, which included modernizing the Custody FX service to provide even more transparency and flexibility and enhanced eFX capabilities. More innovations are planned for release in the next few months, helping to further improve the client experience of FX.
“These awards are recognition for the work we’ve been doing to make our FX offering work harder for our clients, giving them a more comprehensive service, more insightful strategies, and expanding our eFX capabilities with new platforms and connectivity,” said Jason Vitale, Global Head of FX, Fixed Income & Equities at BNY Mellon.
Established in 1992, the Euromoney Awards have become a particularly highly regarded indicator of the performance of financial institutions worldwide, because their judgments are the result of consultation with each competitor’s own clients, giving a deep insight into day-to-day performance throughout the year.