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Article: The Bank of New York Selected to Provide Global Custody Services to Central De Deposito De Valores, S.A. de C.V. -CEDEVAL-.
- Article from:
- Business Wire
- Article date:
- August 17, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- The Bank of New York, a global leader in securities servicing, has been appointed by the Central de Deposito de Valores, S.A de C.V. (CEDEVAL), the central depository of El Salvador, as global custodian for its $1 billion in international assets. The Bank also intends to offer custody outsourcing to CEDEVAL's members and participants.
Mariano Novoa Flores, president of CEDEVAL, said, "We selected The Bank of New York because of its extensive experience in Latin America, as well as local language capabilities and expertise. We will be able to better manage our assets by using INFORM, The Bank of New York's internet transaction and reporting ...