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Article: The Bank of New York Completes Europe, Middle East and Africa (EMEA) Phase of Global Corporate Trust Conversion.
- Article from:
- PR Newswire
- Article date:
- June 11, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. 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, June 11 /PRNewswire-FirstCall/ -- The Bank of New York has successfully completed the conversion of the Europe, Middle East and Africa (EMEA) business segments as part of its acquisition of JPMorgan Chase's corporate trust business.
The conversion of the EMEA business segments involved over 8,000 custody accounts with more than $250 billion and 14,000 cash accounts totaling over $9 billion. With the conclusion of the EMEA phase, the Bank has now completed the vast majority of the conversion process associated with the acquisition.
Samir Pandiri, managing director and head of International for corporate trust at The Bank of New York, said, ...