TORONTO, Oct. 28 /CNW/ - Today, CIBC Mellon Global Securities Services Company announced that it has been chosen by the Greater Toronto Airports Authority (GTAA) to provide global custody services for the authority's group of investment funds.
"CIBC Mellon takes the time to develop a strong knowledge of our clients' operations and to develop asset servicing solutions that enable them to focus on their key drivers of success," said David S. Linds, senior vice president, business development and client relationship management, CIBC Mellon. "We're confident that providing the GTAA and all of our clients with industry-leading asset servicing products and services will help them achieve new growth opportunities."
The GTAA operates and maintains Toronto Pearson International Airport. In 2008, 32.3 million passengers used Toronto Pearson, making it Canada's busiest airport.
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$ 22.1 trillion in assets under custody and administration and US$ 966 billion in assets under management.
SOURCE CIBC Mellon
For further information: For further information: David Bauer, corporate communications, CIBC Mellon, (416) 643-5142