TORONTO AND NEW YORK, May 14, 2013 /CNW/ - CIBC Mellon has earned the
title of "Custodian of the Year: Canada" in the 2013 Custody Risk
Americas Awards. Custody Risk Magazine's Americas Awards recognize
outstanding achievers in the securities services industry in both North
and South America. The awards were announced and presented at a
ceremony in New York on April 18, 2013.
"Our panel of judges reviewed detailed submissions from various
custodians operating in Canada to evaluate their products, services and
technology offerings, as well as feedback from clients. Based on a
very strong asset servicing solution and high marks from its clients,
the panel identified CIBC Mellon as Canada's top custodian for 2013,"
said Luke Clancy, editor, Custody Risk magazine.
"We are extremely proud to be recognized as Canada's top custody
provider with this prestigious award. Being named "Custodian of the
Year" for Canada by Custody Risk reinforces that our relentless
commitments to client service, market-leading technology and continuous
improvement are delivering Canada's very best asset servicing
experience," said David Linds, senior vice president, business
development and relationship management, CIBC Mellon.
Custody Risk's independent judging panel assessed nominees for the
Custodian of the Year award based on a number of factors, including:
client testimonials; major mandates won or retained; overall business
growth; product innovation; response to market changes; and
counterparty stability and risk management capabilities.
About Custody Risk
With new regulations on central clearing, margining and collateral
segregation coming into effect, the role of the custodian is arguably
more important than ever. Custody Risk includes news, analysis and
research on the latest industry developments. Custody Risk has
recognized industry players in its Americas Awards since 2011. Custody
Risk is part of the Risk.net brand of financial risk management news and analysis properties
operated by Incisive Media. All of the Risk.net brands including Asia Risk, Credit, Energy Risk, Life & Pensions Risk,
Operational Risk & Regulation, Risk and Structured Products post
articles on the fast-moving worlds of complex and sophisticated
finance, regulation, derivatives, and risk management. Visit www.risk.net to learn more.
About CIBC Mellon
CIBC Mellon provides asset servicing solutions, including custody,
multicurrency accounting, fund administration, unitholder
recordkeeping, pension services and securities lending services, for
institutions and corporations. We have over 1,000 people dedicated to
supporting more than 1,200 client relationships with Canadian banks,
pension funds, investment funds, corporations, governments, insurance
companies, foreign insurance trusts, foundations and global financial
institutions whose clients invest in Canada. As at March 31, 2013,
CIBC Mellon held more than CAD$1.2 trillion of assets under
administration on behalf of our clients. CIBC Mellon is headquartered
in Toronto, with offices across Canada in Vancouver, Calgary, London,
Montreal and Halifax. Founded in 1996, CIBC Mellon is 50-50 jointly
owned by Canadian Imperial Bank of Commerce (CIBC) and The Bank of New
York Mellon Corporation (BNY Mellon), the world's largest custodian.
CIBC Mellon is part of the BNY Mellon network, which as at March 31,
2013 had USD$26.3 trillion in assets under custody and administration
and USD$1.4 trillion in assets under management. CIBC Mellon is the
corporate brand of CIBC Mellon Trust Company and CIBC Mellon Global
Securities Services Company and may be used as a generic term to
reference either company or both companies collectively.
For more information - including CIBC Mellon's latest knowledge
leadership on issues relevant to institutional investors active in
Canada - visit www.cibcmellon.com or follow us on Twitter @CIBCMellon.
CIBC Mellon is a licensed user of the CIBC trade-mark and certain BNY
Image with caption: "Alistair Almeida, vice president, business development and relationship management, CIBC Mellon, and Marcia Nascimento, vice president, US financial institutions, BNY Mellon were on hand in New York to accept CIBC Mellon's 2013 "Custodian of the Year: Canada" award from Custody Risk Magazine editor Luke Clancy. (CNW Group/CIBC Mellon)". Image available at: http://photos.newswire.ca/images/download/20130514_C6794_PHOTO_EN_26689.jpg
SOURCE: CIBC Mellon
For further information:
Brent Merriman, corporate communications, CIBC Mellon, firstname.lastname@example.org, 416-643-5065
Luke Clancy, editor, Custody Risk, email@example.com, +44 (0)20 7316 9451