TORONTO, March 11 /CNW/ - Today, CIBC Mellon Global Securities Services
Company announced that selecting EquiLend to automate its securities lending
operations will be a benefit to its securities borrowers globally.
"EquiLend's best in-class solutions will facilitate greater connectivity
with our securities borrowers, positioning us to continue to deliver superior
returns to Canadian securities lenders," said James Slater, senior vice
president and head of capital markets, CIBC Mellon. "The selection of
EquiLend's post-trade services also reflects our ongoing commitment to
strengthen automation across our business as we aim to mitigate operational
risk and achieve greater processing efficiency for our clients."
"We are very pleased to welcome CIBC Mellon to our client roster," said
Brian P. Lamb, chief executive officer, EquiLend. "This partnership highlights
our dedication to providing robust, relevant securities finance solutions to
the Canadian marketplace."
CIBC Mellon was recently ranked number one in the world for relationship
management to securities borrowers in the International Securities Finance
(ISF) 2007 Equity Lending Survey. It also ranked third in the world for
quality of operations.
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 $23 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