CIBC Mellon Surpasses $1 Trillion in Assets Under Administration

TORONTO, June 15, 2011 /CNW/ - CIBC Mellon has surpassed $1 trillion in assets under administration (AUA), demonstrating the company's leading position in the Canadian asset and investment servicing industry.

"Achieving this milestone clearly illustrates our clients' recognition of the superior service and product solutions they receive by partnering with CIBC Mellon," said Tom Monahan, president and chief executive officer, CIBC Mellon. "While institutions across the globe remained challenged by economic headwinds, we are proud to have experienced marked growth in our AUA and our client base.  We look forward to continuing to provide our clients with the best asset and investment servicing experience in Canada."

"Our partnership in Canada with CIBC has long been viewed as a template for how to establish and run a successful joint venture in the investment servicing space," said Tim Keaney, CEO of BNY Mellon Asset Servicing.  "That CIBC Mellon's business continues to go from strength to strength is testament to the company's continued focus on service excellence and innovation and its deep understanding of its clients and their needs, and I'd like to congratulate Tom and his team on passing this historic milestone."

Client Testimonials

"CIBC Mellon continues to outperform as a business partner.  They have a track record of success for delivering innovative product solutions, exceptional operational performance and expert knowledge of Canada's evolving fund market.  We are pleased to share a long-lasting partnership during this momentous time for CIBC Mellon."

  • Robert Schauer, treasurer and chief financial officer, BMO Mutual Funds

"CIBC Mellon is very helpful and handles our enquiries with speed and know-how, no matter what the enquiry relates to - tax, corporate actions, income or settlement."

  • Ulla Hoyer, group trading and investment support, Danske Bank

"Canadian Pacific congratulates CIBC Mellon on reaching this industry milestone. We have enjoyed a productive and successful eight-year relationship, during which CIBC Mellon has always been a trusted and knowledgeable partner. The company delivers excellent service and has helped us implement leading-edge solutions to manage risk exposure. We look forward to continuing our long-term relationship."

  • Greg Hyatt, GM pension plan management, Canadian Pacific

"CIBC Mellon has always taken the time to thoroughly understand our investment and corporate strategy. This attention to detail and superior level of service has helped us meet our strategic goals. Congratulations on this achievement, CIBC Mellon."

  • Duncan Webb, senior vice president, finance, Ontario Pension Board

CIBC Mellon is 50-50 jointly owned by Canadian Imperial Bank of Commerce and The Bank of New York Mellon.  CIBC Mellon is a leading provider of financial services for institutions and corporations, providing superior asset servicing, multicurrency accounting, information delivery, unitholder recordkeeping and securities lending services in Canada.  CIBC Mellon is part of the BNY Mellon network, which has US$25.5 trillion in assets under custody and administration and more than $1.2 trillion in assets under management.

CIBC Mellon is a licensed user of the CIBC trade-mark and certain BNY Mellon trade-marks.


SOURCE CIBC Mellon

For further information:

Brent Merriman, corporate affairs, CIBC Mellon 416-643-5065
David Bauer, corporate affairs, CIBC Mellon 416-643-5142


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