CIBC Mellon selected for asset servicing by Canadian Christian School Pension Trust Fund

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 Mellon trade-marks.


SOURCE CIBC Mellon

For further information:

Contact: David Bauer, corporate affairs, CIBC Mellon 416-643-5142


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