LONDON–(BUSINESS WIRE)–Nov. 10, 2003–The Bank of New York, a leading provider of securities services, announced that David Aldrich has joined the Bank as head of securities industry banking inLondon. Mr. Aldrich will be responsible for relationship management and sales for the hedge fund and broker dealer industries in Europe.
Prior to joining the Bank, Mr. Aldrich was a senior manager at JP Morgan Chase London, where he was head of relationship management and sales for its clearance and collateral management products in Europe. Before that, he held senior positions at both Credit Suisse First Boston and UBS.
Brian A. Ruane, senior vice president and global head of hedge fund and securities industry banking at The Bank of New York, said, “We are delighted to have David join us as we expand our presence in Europe. With David’s expertise in both the hedge fund and broker dealer markets, he and his team will be able to advise our clients how to best leverage the Bank’s core business of securities services in order to deliver more value to their end clients, especially investors. For example, hedge funds are turning to institutions such as The Bank of New York to provide administration, compliance and reporting tools that will meet investor demands for increased transparency.”
The Bank of New York provides services for alternative investment managers, including U.S. and offshore fund administration, investor services, corporate secretarial and fund creation services. The Bank’s proprietary technology provides unparalleled levels of service to investment advisors, as well as investors and their respective service providers, and can support alternative investment vehicles regardless of structure, domicile or investment strategy. Service is provided by The Bank of New York and affiliates in Bermuda, California, Cayman, Dublin, Jersey, London, Luxembourg and New York.
The Bank of New York Company, Inc. (NYSE: BK) is a global leader in securities servicing for issuers, investors and financial intermediaries. The Company plays an integral role in the infrastructure of the capital markets, servicing securities in more than 100 markets worldwide. The Company provides quality solutions through leading technology for global corporations, financial institutions, asset managers, governments, non-profit organizations, and individuals. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has a distinguished history of serving clients around the world through its five primary businesses: Securities Servicing and Global Payment Services, Private Client Services and Asset Management, Corporate Banking, Global Market Services, and Retail Banking. Additional information on the Company is available at www.bankofny.com.
