TORONTO, Dec. 3 /CNW/ - Today, CIBC Mellon Global Securities Services
Company announced that it is ranked number one in relationship management to
securities borrowers in International Securities Finance (ISF) magazine's 2007
Equity Lending Survey, reflecting its continued commitment to seek to maximize
returns on behalf of securities lending clients.
"CIBC Mellon provides the borrower community a standard of service
excellence typically reserved for much larger global firms," said Craig
Macdonald, editor of ISF. "CIBC Mellon's strong performance in the survey
reflects its leadership position not just in the Canadian securities lending
market, but globally as well."
The annual ISF Equity Lending Survey is an important diagnostic tool
driving continuous improvement in the securities lending industry. The survey
is an impartial evaluation of how borrowers and lenders view each other based
on feedback from industry participants in 11 service categories.
"We are extremely pleased with the results of this year's survey," said
James Slater, senior vice president and head of capital markets. "Our strong
performance validates our efforts to offer borrowers a superior client
experience built on strong industry knowledge, support for their trading
strategies, and robust operations that are designed to minimize risk and
<a href="http://www.cibcmellon.com/Contents/en_CA/English/NewsRoom/Publications/StraightTalk/GSS/2007/STG20071114.html">View overall survey results for CIBC Mellon</a>.
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$ 20 trillion in assets under custody and administration. CIBC
Mellon Global Securities Services Company is a sister company to CIBC Mellon
Trust Company. Visit CIBC Mellon's website at www.cibcmellon.com.
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