BNY Mellon Asset Servicing selected as custodian of Microsoft's Treasury Group
May 8, 2019

BNY Mellon has today announced that the Microsoft Corporation (Microsoft) has selected BNY Mellon as global custodian for its Treasury, which manages US$130 billion in assets. The transition, which was actually completed in November, marks the first time in almost a decade that Microsoft has changed custodian.

"As we considered a new strategic provider, we looked for a single operating platform which could automate key processes and help us be more efficient," said George Zinn, Corporate Vice President & Treasurer of Microsoft. "We look forward to continuing to collaborate with BNY Mellon and grow the relationship, including the use of technologies like Microsoft Teams as the hub for managing and collaborating on this project."

BNY Mellon says it will offer a complex cross-business bundle of services, including: custody, collateral management, performance measurement and liquidity services, all of which will target Microsoft's corporate cash portfolio needs.

BNY Mellon says its platform will service Microsoft's global custody, collateral management, derivatives processing, institutional accounting and foreign exchange needs. By leveraging its selection of APIs, applications, and seamless access to third-party technology providers, BNY Mellon's platform will allow Microsoft to optimize its resources and continue to leverage industry best practices.

In addition, Microsoft will benefit from BNY Mellon's extensive intellectual capital and industry experience with executing large-scale implementations and aligning technology solutions with clients' business needs.





This site, like many others, uses small files called cookies to customize your experience. Cookies appear to be blocked on this browser. Please consider allowing cookies so that you can enjoy more content across globalcustody.net.

How do I enable cookies in my browser?

Internet Explorer
1. Click the Tools button (or press ALT and T on the keyboard), and then click Internet Options.
2. Click the Privacy tab
3. Move the slider away from 'Block all cookies' to a setting you're comfortable with.

Firefox
1. At the top of the Firefox window, click on the Tools menu and select Options...
2. Select the Privacy panel.
3. Set Firefox will: to Use custom settings for history.
4. Make sure Accept cookies from sites is selected.

Safari Browser
1. Click Safari icon in Menu Bar
2. Click Preferences (gear icon)
3. Click Security icon
4. Accept cookies: select Radio button "only from sites I visit"

Chrome
1. Click the menu icon to the right of the address bar (looks like 3 lines)
2. Click Settings
3. Click the "Show advanced settings" tab at the bottom
4. Click the "Content settings..." button in the Privacy section
5. At the top under Cookies make sure it is set to "Allow local data to be set (recommended)"

Opera
1. Click the red O button in the upper left hand corner
2. Select Settings -> Preferences
3. Select the Advanced Tab
4. Select Cookies in the list on the left side
5. Set it to "Accept cookies" or "Accept cookies only from the sites I visit"
6. Click OK

BNY Mellon has today announced that the Microsoft Corporation (Microsoft) has selected BNY Mellon as global custodian for its Treasury, which manages US$130 billion in assets. The transition, which was actually completed in November, marks the first time in almost a decade that Microsoft has changed custodian.

"As we considered a new strategic provider, we looked for a single operating platform which could automate key processes and help us be more efficient," said George Zinn, Corporate Vice President & Treasurer of Microsoft. "We look forward to continuing to collaborate with BNY Mellon and grow the relationship, including the use of technologies like Microsoft Teams as the hub for managing and collaborating on this project."

BNY Mellon says it will offer a complex cross-business bundle of services, including: custody, collateral management, performance measurement and liquidity services, all of which will target Microsoft's corporate cash portfolio needs.

BNY Mellon says its platform will service Microsoft's global custody, collateral management, derivatives processing, institutional accounting and foreign exchange needs. By leveraging its selection of APIs, applications, and seamless access to third-party technology providers, BNY Mellon's platform will allow Microsoft to optimize its resources and continue to leverage industry best practices.

In addition, Microsoft will benefit from BNY Mellon's extensive intellectual capital and industry experience with executing large-scale implementations and aligning technology solutions with clients' business needs.



Free subscription - selected news and optional newsletter
Premium subscription
  • All latest news
  • Latest special reports
  • Your choice of newsletter timing and topics
Full-access magazine subscription
  • 7-year archive of news
  • All past special reports
  • Newsletter with your choice of timing and topics
  • Access to more content across the site