TORONTO, Oct. 1 /CNW/ - Today, CIBC Mellon Global Securities Services
Company announced that it is a "Top-Rated" performer in Global Custodian
magazine's 2007 Agent Banks in Major Markets Survey, making CIBC Mellon the
only Canadian provider to be "Top-Rated" by both cross-border and domestic
clients for the past three years.
"CIBC Mellon's results affirm its ability to customize and deliver
solutions to support the diverse needs of its clients," said Robert Kay,
managing director, Global Securities Consulting Services, whose company
analyzes the survey results. "This ranking reflects the expertise and
dedication of CIBC Mellon to providing clients with the best technology, and
leading service quality."
The annual survey, now in its 19th year, solicits feedback from domestic
and cross-border clients, measuring the quality of asset servicing, clearing
and settlement services provided by their custodian across 11 service
"It is rewarding to have the participants in the 2007 Agent Banks in
Major Markets Survey acknowledge our success in proactively delivering the
high quality service and market knowledge that clients expect and deserve,"
said Thomas C. MacMillan, CIBC Mellon president and chief executive officer.
"We continually strive to be our clients' most valued business partner and we
are confident that we are well positioned to provide an excellent level of
service to clients for years to come."
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 and
$1 trillion in assets under management. CIBC Mellon Global Securities Services
Company is a sister company to CIBC Mellon Trust Company. Visit CIBC Mellon's
website at www.cibcmellon.com.
For further information:
For further information: Cheryl Ficker, director, corporate affairs,
CIBC Mellon, (416) 643-6368