TORONTO, Jan. 6 /CNW/ - CIBC Mellon Global Securities Services Company has been selected to
provide a full suite of asset servicing solutions for Canadian
Christian School Pension Trust Fund including custody, fund accounting,
securities lending and performance & risk analytics.
"CIBC Mellon's market knowledge and technology are impressive," said
Howard Van Mersbergen, vice president, employee benefits, Christian
Schools International. "They provide us with the expertise and tools
we need to enhance our pension fund management in today's environment."
"We are seeing an increased demand from pension fund administrators in
partnering with an asset servicing provider that can help them
effectively navigate through market and regulatory changes," said
Thomas S. Monahan, president and chief executive officer, CIBC Mellon.
"We look forward to providing Canadian Christian School Pension Trust
Fund with world-leading capabilities and the local market insights they
need to plan well in advance for industry developments and recognize
new opportunities for growth."
Christian Schools International is the first educational organization to
serve Christian schools. Founded in 1920, Christian Schools
International has more than eight decades of experience serving
Christian schools throughout North America and the world. Christian
Schools International is committed to the idea of Christian education.
Thousands of Christian school teachers and administrators the world
over have learned to rely on the support, products and expertise that
Christian Schools International provides, including the Canadian
Christian School Pension Plan.
CIBC Mellon recently placed No.1 in Canadian sub-custody in Global
Finance magazine's Agent Banks in Major Markets Survey. The company
also placed No.1 in four categories in Global Investor / isf magazine's
2010 Equity Lending Survey and was named the best sub-custodian in
Canada for the fourth consecutive year in the 2010 Global Finance
magazine's World's Best Sub-Custodians Survey. In addition, CIBC
Mellon was ranked as Canada's No.1 provider of global custody services
in the 2010 R&M Consultants Global Custody Survey.
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, unitholder recordkeeping securities
lending and foreign exchange services in Canada. CIBC Mellon is part of
BNY Mellon, which has US$24.4 trillion in assets under custody and
administration and more than $1.14 trillion in assets under management.
CIBC Mellon is a licensed user of the CIBC trade-mark and certain BNY
SOURCE CIBC Mellon
For further information:
Contact: David Bauer, corporate affairs, CIBC Mellon 416-643-5142