Standard Bank and Bank of New York Mellon in partnership

Through the banking subsidiaries of the group (Stanbic/Standard Bank entities) Standard Bank has custody capabilities in the following 12 sub-Saharan markets: South Africa, Nigeria, Kenya, Zambia, Ghana, Swaziland, Zimbabwe, Botswana, Namibia, Malawi, Mauritius and Uganda.  Standard Bank has now been awarded their entire sub-Saharan Africa custody business.  This appointment further demonstrates Standard Bank's commitment as the leading emerging markets financial services provider across sub-Saharan Africa.  Established in 2007 from the merger of Mellon Financial Corporation and The Bank of New York Company, Inc., The Bank of New York Mellon has $19.5 trillion in assets under custody or administration and $881 billion under management.

The BNYM previously used two providers in sub Saharan Africa: