Bank of New York Mellon Corp., with $27.1 trillion of assetsunder custody and administration, said it's helping clients pullcash from Denmark and Switzerland as the central banks takemeasures to stem appreciating currencies.

“We've been working with our clients on how to sweep their moneyout of Denmark so they don't get subjected to a chargingenvironment,” Chief Executive Officer Gerald Hassell said in aninterview in Doha, Qatar. In Switzerland “we've been able to workwith our clients to not have cash trapped there.”

Denmark's Nationalbanken cut its deposit rate to minus 0.2percent in July, stepping up a battle to prevent the krone fromstrengthening beyond its currency band as the nation's haven statusattracts investors. Swiss National Bank Vice President Jean-PierreDanthine said in June that charging for deposits “is a measure wecould consider if circumstances warrant it.”