BankingCorporate to Bank RelationshipsMicrosoft’s Treasury Group switches to new global custodian

Microsoft's Treasury Group switches to new global custodian

Transition to BNY Mellon is the first time in almost a decade that Microsoft has changed custodian.

BNY Mellon today announced that the Microsoft Corporation (Microsoft) has selected BNY Mellon as global custodian for its Treasury Group, which manages $130 billion in assets.

The transition, which was completed in November, marks the first time in almost a decade that Microsoft has changed custodian, and will feature a cross-business solution that will help Microsoft to better manage and automate their portfolio processes. As its new custodian, BNY Mellon 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.

“We are very excited to begin a new chapter in our relationship with Microsoft and are confident that we will be able to help its Treasury business continue to simplify its processes,” said Hani Kablawi, CEO of Asset Servicing at BNY Mellon. “Our fully integrated global client technology ecosystem will deliver a sophisticated solution that is both flexible and reliable to meet Microsoft’s needs.”

BNY Mellon’s 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.

“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.”

Related Articles

Treasury technology "approaching its watershed moment"

Automation Treasury technology "approaching its watershed moment"

4w Austin Clark
J.P. Morgan unveils new liquidity management platform

Cash & Liquidity Management J.P. Morgan unveils new liquidity management platform

1m Jay Ashar
Fides and GTreasury get into Global Bank Connectivity Partnership

Corporate to Bank Relationships Fides and GTreasury get into Global Bank Connectivity Partnership

1m Jay Ashar
Citi TTS partners with software fintech to simplify cash management

Cash Management Citi TTS partners with software fintech to simplify cash management

1m Austin Clark
Solving the KYC conundrum?

Corporate to Bank Relationships Solving the KYC conundrum?

2m Austin Clark
The digital corporate treasurer comes to UAE

Big Data The digital corporate treasurer comes to UAE

2m Sumit Aggarwal
BofA Merrill Lynch to offer a fully integrated FX risk management program

Banking BofA Merrill Lynch to offer a fully integrated FX risk management program

2m Jay Ashar
Gresham connects to AccessPay’s enterprise-to-bank integration platform

Corporate to Bank Relationships Gresham connects to AccessPay’s enterprise-to-bank integration platform

2m Jay Ashar

Whitepapers & Resources

Transaction Banking Survey 2019

Transaction Banking Survey 2019

2m
TIS Sanction Screening Survey Report

Payments TIS Sanction Screening Survey Report

4m
Enhancing your strategic position: Digitalization in Treasury

Payments Enhancing your strategic position: Digitalization in Treasury

6m
Netting: An Immersive Guide to Global Reconciliation

Netting: An Immersive Guide to Global Reconciliation

9m