TORONTO, Sept. 14 /CNW/ - Today, CIBC Mellon Global Securities Services Company announced that it ranks first in Canadian subcustody according to leading and cross-border clients in Global Custodian magazine's 2009 Agent Banks in Major Markets Survey, and is "Top-Rated" by both leading and cross-border clients.
"In the estimation of its leading clients, CIBC Mellon just keeps getting better," wrote the survey's editors based on strong client feedback. According to clients in the survey, CIBC Mellon "demonstrates a willingness to please" and its "relationship managers are a pleasure to work with."
In addition to being ranked first and "Top-Rated" by leading and cross-border client segments, CIBC Mellon is the only Canadian provider to be "Top-Rated" by cross-border clients for the past five 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 sincerely honoured with these results. We have worked diligently to meet the high expectations of the world's most sophisticated global financial institutions," said Thomas C. MacMillan, president and chief executive officer, CIBC Mellon. "These clients set an extremely high bar and we thank them for acknowledging the quality of service we provide for them in Canada."
CIBC Mellon is 50-50 jointly owned by Canadian Imperial Bank of Commerce and BNY Mellon. 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, which has US$20.7 trillion in assets under custody and administration and more than US$926 billion in assets under management.
CIBC Mellon is a licensed user of the BNY Mellon and CIBC trademarks.
SOURCE CIBC Mellon
For further information: For further information: David Bauer, corporate communications, CIBC Mellon, (416) 643-5142