TORONTO, June 23, 2011 /CNW/ - Rob Ferguson has been named head of
global securities lending at CIBC Mellon, taking on sole responsibility
for leading CIBC Mellon's capital markets team. Robert Chiuch,
formerly co-head of global securities lending at CIBC Mellon, has been
named managing director, US equity and corporate securities finance at
CIBC Mellon's parent company BNY Mellon. Also moving into a new
leadership role is Phil Zywot, who has been named head of trading and
will manage CIBC Mellon's trading desk.
"Rob and Phil have long demonstrated outstanding leadership in helping
to build a world-leading securities lending operation that continues to
win praise for outstanding service and execution," said Tom Monahan,
president and chief executive officer, CIBC Mellon. "Robert Chiuch's
new role as a senior leader within BNY Mellon's securities lending
operation also positions us well to further strengthen our companies'
partnership as we work to support clients around the world. I have no
doubt that all three will excel in their new roles."
Rob Ferguson has 21 years of experience in securities lending. He joined
CIBC Mellon at the company's inception in 1996, coming from a
securities lending software vendor. Rob was promoted to vice
president, product and client service in 2004 and to co-head of global
securities lending in 2010. In 2011, he chaired the Canadian Global
Securities Lending conference. Rob holds an honours degree in
economics from York University.
Phil Zywot has 20 years of financial industry experience, including 15
years in securities lending. Phil joined CIBC Mellon in 2004, and has
held progressively more senior roles at the company's trading desk,
working on fixed income, domestic equity and international equity
lending. Phil has an honours degree in economics from the University
of Toronto, as well as a derivatives market specialist (DMS)
designation from the Canadian Securities Institute. He is also a
certified financial planner (CFP).
About CIBC Mellon
CIBC Mellon is 50-50 jointly owned by Canadian Imperial Bank of Commerce
and The Bank of New York Mellon. CIBC Mellon is a leading provider of
financial services for institutions and corporations, providing
superior asset servicing, multicurrency accounting, information
delivery, unitholder recordkeeping, and securities lending services in
Canada. CIBC Mellon is part of the BNY Mellon network, which has
US$25.5 trillion in assets under custody and administration and more
than $1.2 trillion in assets under management.
CIBC Mellon's securities lending operation helped the company place No.1
in four categories in Global Investor / isf magazine's 2010 Equity
Lending Survey, including No.1 in relationship management. CIBC Mellon
recently ranked No.1 in Canadian sub-custody in Global Custodian's
Agent Banks in Major Markets Survey, and was named the best
sub-custodian in Canada for the fourth consecutive year in the 2010
Global Finance Magazine's World's Best Sub-Custodians Survey.
CIBC Mellon is a licensed user of the CIBC trade-mark and certain BNY
SOURCE CIBC Mellon
For further information:
Brent Merriman, corporate affairs, CIBC Mellon, 416-643-5065, firstname.lastname@example.org