Rob Ferguson Named Head of Global Securities Lending, Phil Zywot Named Head of Trading; Robert Chiuch moves into leadership role at parent company BNY Mellon

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 Mellon trade-marks.


SOURCE CIBC Mellon

For further information:

Brent Merriman, corporate affairs, CIBC Mellon, 416-643-5065, corporate_affairs@cibcmellon.com


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