BNY Mellon Asset Servicing Named Custodian by Silicon Valley Community Foundation

PITTSBURGH, April 29 /PRNewswire-FirstCall/ -- BNY Mellon Asset Servicing, the global leader in asset servicing, announced that it has been named custodian for $1.2 billion in funds administered by the Silicon Valley Community Foundation (SVCF). BNY Mellon Asset Servicing will provide global custody and cash management services.

"As we build a new community foundation committed to providing world-class donor services and effective grantmaking, we have been impressed by BNY Mellon's overall asset servicing capabilities and by the company's breadth of experience providing custody solutions to other leading foundations," said Vera Bennet, SVCF chief financial officer.

"Silicon Valley Community Foundation is doing important work to enhance quality of life in the region, and we value the opportunity to help them fulfill their mission," said Vince Sands, executive vice president, BNY Mellon Asset Servicing. "Our continual investment in technology is enabling us to raise the level of service that global custody providers can deliver to clients like Silicon Valley Community Foundation."

Launched in January 2007, Silicon Valley Community Foundation was created through the landmark merger of Community Foundation Silicon Valley and Peninsula Community Foundation to serve all of San Mateo and Santa Clara counties. The new community foundation, one of the largest in the nation, is a partner and resource to organizations improving the quality of life in the region and to those who want to give back locally, nationally and internationally. For more information, visit siliconvalleycf.org.

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 $23 trillion in assets under custody and administration, more than $1.1 trillion in assets under management and services $12 trillion in outstanding debt. Additional information is available at bnymellon.com.