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."
"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
SOURCE CIBC Mellon
For further information:
Brent Merriman, corporate affairs, CIBC Mellon 416-643-5065
David Bauer, corporate affairs, CIBC Mellon 416-643-5142