Bank of New York has reached a strategic alliance with Standard Bank of South Africa to provide global custody for South African investors.

Standard Bank's institutional clients will be able to use their existing relationship managers to obtain Bank of New York's global custody services, including investment reporting, portfolio analytics, and performance measurement products. Bank of New York has over $4 trillion of assets under custody. Standard Bank has $94 billion.

Standard Bank Investment Corp., the holding company for Standard Bank Group, is one of the leading South African banking and financial services groups, with nearly $30 billion in assets at yearend.

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