Equity Trust and The Bank of New York Mellon now have a global referral agreement where both companies refer potential business opportunities for structured finance services to each other.
The new arrangement will allow the two firms to offer SPV and corporate trust services to a wide range of structured finance deals, including: repackaging programs; ABS; MBS; CDOs; CLOs; and CFOs.
"I am delighted that we have formed a strategic alliance with The Bank of New York Mellon," Peter Soesbeek, co-head of structured finance at Equity Trust, said. "The benefits for both businesses should be significant and this agreement will enable us to provide an even better service to clients on a worldwide basis."
"Combining our expertise and geographical reach with a global financial services business such as The Bank of New York Mellon will be a very powerful combination for our clients," Hugo van Vredenburch, CEO of Equity Trust said.