TORONTO, June 1 /CNW/ - Today, CIBC Mellon Global Securities Services
Company announced that it has been named the best subcustodian in Canada for
the third consecutive year in the 2009 Global Finance magazine survey.
"CIBC Mellon once again proves its leadership in the Canadian marketplace
for stability and quality of subcustodial services," said Joseph Giarraputo,
publisher and editorial director at Global Finance Magazine. "This recognition
reflects the expertise and dedication of CIBC Mellon in safe-keeping clients'
assets and delivering superior service quality."
"CIBC Mellon is extremely proud to receive the award for best
subcustodian in Canada for the third consecutive year," said Thomas C.
MacMillan, president and chief executive officer at CIBC Mellon. "This award
is an acknowledgment of our efforts to deliver outstanding client service with
security, reliability and operational excellence, along with industry-leading
local market expertise."
The annual survey, now in its seventh year, recognizes institutions that
consistently provide the best custody services in local markets and regions to
global clients. The survey solicits feedback from Global Finance editors,
reporters and other expert sources to assess various categories including:
- Customer relations
- Quality of service
- Business continuity plans
- Competitive pricing
- Smooth handling of exception items
- Technology platforms
- Post-settlement operations
- Knowledge of local regulations and practices
Details of the survey results will be published in the July/August issue
of Global Finance. The awards will be presented during the annual meetings of
the International Monetary Fund and World Bank in October 2009 in Istanbul.
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 The Bank of New York Mellon, which
has US$19.5 trillion in assets under custody and administration and more than
$881 billion in assets under management.
For further information:
For further information: Rashi Sharma, manager, corporate
communications, CIBC Mellon, (416) 643-6562