Expansion of business development team in keeping with company's growth
TORONTO, April 6, 2017 /CNW/ - CIBC Mellon announced today that Nick Petruccelli recently joined the company's business development team as Executive Director. In this newly created role, Nick covers a range of market segments and he is responsible for helping to grow the company's market share with institutional investors in Canada.
"CIBC Mellon has seen substantial growth and continues to expand its presence as clients and prospects entrust the company with expanded mandates and outsource additional functions, due to our ability to support their scale and reporting needs," said Shane Kuros, Vice President, Head of Sales, CIBC Mellon. "I am pleased to welcome Nick to CIBC Mellon. Nick brings a wealth of asset servicing experience to this role, and I am confident that his appointment will bolster the company's business development team, helping to position us for further expansion and success, while helping us meet investors' evolving needs."
"I am excited to join CIBC Mellon and have the opportunity to discuss its many powerful capabilities and solutions with institutional investors," said Nick Petruccelli, Executive Director, Business Development, CIBC Mellon. "The company's strength is further enhanced by the technology and global market reach of BNY Mellon and the local footprint of CIBC. I look forward to helping CIBC Mellon further expand its client base and I'm proud to be working for a Canadian leader in asset servicing."
Before joining CIBC Mellon, Nick held senior business development leadership roles in the asset servicing industry and technology sector. Nick brings over 20 years of sales experience, leading deals involving integrated financial, technological, and outsourcing solutions. Most recently, Nick served as Senior Vice President, Business Development at an asset servicing and asset management provider.
About CIBC Mellon
CIBC Mellon is a Canadian company exclusively focused on the investment servicing needs of Canadian institutional investors and international institutional investors into Canada. Founded in 1996, CIBC Mellon is 50-50 jointly owned by The Bank of New York Mellon (BNY Mellon) and Canadian Imperial Bank of Commerce (CIBC). CIBC Mellon's investment servicing solutions for institutions and corporations are provided in close collaboration with our parent companies, and include custody, multicurrency accounting, fund administration, recordkeeping, pension services, exchange-traded fund services, securities lending services, foreign exchange processing and settlement, and treasury services. As at December 31, 2016, CIBC Mellon had more than C$1.7 trillion of assets under administration on behalf of banks, pension funds, investment funds, corporations, governments, insurance companies, foreign insurance trusts, foundations and global financial institutions whose clients invest in Canada. CIBC Mellon is part of the BNY Mellon network, which as at December 31, 2016 had US$29.9 trillion in assets under custody and/or administration. CIBC Mellon is a licensed user of the CIBC trade-mark and certain BNY Mellon trade-marks, is the corporate brand of CIBC Mellon Global Securities Services Company and CIBC Mellon Trust Company, and may be used as a generic term to refer to either or both companies.
For more information, including CIBC Mellon's latest knowledge leadership on issues relevant to institutional investors active in Canada, visit www.cibcmellon.com.
SOURCE CIBC Mellon
For further information: Jennifer Israel, Corporate Communications, CIBC Mellon, 416-643-6538, firstname.lastname@example.org