TORONTO, Sept. 15 /CNW/ - Today, CIBC Mellon Global Securities Services
Company announced that it ranks first in Canadian subcustody according to
leading clients in Global Custodian magazine's 2008 Agent Banks in Major
Markets Survey, and is "Top-Rated" by both leading and cross-border clients.
"CIBC Mellon once again demonstrates its ability to meet the needs of the
most demanding global financial institutions," said Robert Kay, managing
director, Global Securities Consulting Services, whose company analyzes the
survey results. "This achievement is all the more impressive considering the
strong new business growth at CIBC Mellon over the last year."
In addition, CIBC Mellon is the only Canadian provider to be "Top-Rated"
by cross-border clients for the past four years. The annual survey solicits
feedback from global financial institutions and measures the quality of
subcustody services provided in major markets across 11 service categories.
"We are honoured to have such a strong vote of confidence from our
clients," said Thomas C. MacMillan, president and chief executive officer,
CIBC Mellon. "We attribute this success to our exclusive focus on the Canadian
asset servicing market, proven track-record of operational excellence, robust
technology infrastructure and our sincere desire to constantly improve upon
the level of service we provide our clients."
CIBC Mellon is 50-50 jointly owned by Canadian Imperial Bank of Commerce
and The Bank of New York Mellon Corporation. CIBC Mellon Global Securities
Services Company is a leading provider of financial services for institutions
and corporations, providing superior asset servicing, multicurrency
accounting, information delivery, securities lending and foreign exchange
services in Canada. CIBC Mellon is part of BNY Mellon Asset Servicing, which
has more than US$ 23 trillion in assets under custody and administration.
CIBC Mellon Global Securities Services Company is a licensed user of the
CIBC and Mellon trademarks.
For further information:
For further information: Cheryl Ficker, director, corporate affairs,
CIBC Mellon, (416) 643-6368