ABN AMRO MELLON STRENGTHENS DISTRIBUTION FOR SECURITIES LENDING CLIENTS VIA EQUILEND APPOINTMENT
NEW YORK, October 17th, 2005 -ABN AMRO Mellon Global Securities Services B.V. announced that, effective from today, it has strengthened its distribution to securities lending clients worldwide with the appointment of EquiLend, the securities finance platform.
"Utilising EquiLend's services will give us greater distribution for our lending clients, helping us grow our business and meet the demanding needs of the ever more competitive international securities finance market," says Jamie M. Ball, Managing Director and Head of Capital Markets at ABN AMRO Mellon, from her London-based office.
Under this appointment, EquiLend will also provide select services to Mellon Global Securities Lending (Mellon GSL), the securities lending arm of Mellon Financial Corporation.
"ABN AMRO Mellon, like EquiLend, is a unique institution servicing a number of external and internal clients," says Brian Lamb, CEO of EquiLend. "Their large global reach will bring added value to EquiLend's platform and client base."
EquiLend, a global trading and operations platform owned by 11 leading financial services firms, provides a number of front and back office services to equity and fixed income securities finance organisations.
About ABN AMRO Mellon
ABN AMRO Mellon Global Securities Services B.V. is a 50-50 owned company between ABN AMRO Bank N.V. and Mellon Financial Corporation. It provides global custody and related services to institutions around the world outside North America. The company combines ABN AMRO's worldwide servicing presence with Mellon's advanced technology and product capabilities. Value-added products and services include compliance monitoring, investment accounting, performance measurement and analytics. News and other information about ABN AMRO Mellon Global Securities Services are available at www.abnamromellon.com.
About EquiLend
EquiLend is a leading provider of trading services for the securities finance industry. With its robust suite of automated trading tools, EquiLend enables its clients to scale their businesses with great efficiency on a global basis in all securities finance markets. Used by borrowers and lenders throughout the world, the EquiLend platform automates formerly manual trading and post-trade processes. Using EquiLend's complete end-to-end services reduces the risk of potential errors and eliminates the need to maintain costly point-to-point connections while allowing firms to drive down unit costs. Firms can then free more resources to expand their business and grow trading volumes without increasing costs. This makes the EquiLend platform a cost-effective choice for all institutions, regardless of their size.
www.equilend.com
EquiLend LLC and EquiLend Europe Limited are subsidiaries of EquiLend Holdings LLC (collectively, "EquiLend"). EquiLend LLC is a member of the NASD and SIPC. EquiLend Europe Limited is authorized and regulated by the Financial Services Authority. All services offered by EquiLend are offered through EquiLend LLC and EquiLend Europe Limited. EquiLend and the EquiLend mark are protected in the United States and in countries throughout the world.
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