BNY Mellon Asset Servicing Named Custodian by Robert Wood Johnson Foundation

BOSTON, March 31 /PRNewswire-FirstCall/ -- BNY Mellon Asset Servicing, the global leader in asset servicing, announced that it has been named custodian for $9.5 billion in funds administered by the Robert Wood Johnson Foundation (RWJF). BNY Mellon Asset Servicing will provide global custody, performance and risk analytics, and securities lending services.

"BNY Mellon has a strong presence in the foundation field," said Peggi Einhorn, RWJF chief financial officer. "That industry knowledge, coupled with their strong technology platform and willingness to understand and meet our unique needs, made them the right partner for our organization."

"It is an honor to partner with the Robert Wood Johnson Foundation and to help safeguard the assets it manages and leverages for such far-reaching results," said Vince Sands, executive vice president, BNY Mellon Asset Servicing. "Our combination of securities processing technology, value-added services, and unmatched client commitment will be brought to bear in supporting the Foundation's vital and important work."

As the nation's largest philanthropy devoted exclusively to improving the health and health care of all Americans, the Robert Wood Johnson Foundation works with a diverse group of organizations and individuals to identify solutions and achieve comprehensive, meaningful and timely change. For more than 35 years the Foundation has brought experience, commitment and a rigorous, balanced approach to the problems that affect the health and health care of those it serves. More information is available at http://www.rwjf.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 $11 trillion in outstanding debt. Additional information is available at bnymellon.com.