Video: The state of Canadian subcustody and the steps CIBC Mellon is taking to serve subcustody clients, featuring David Linds, senior vice president, business development and relationship management, CIBC Mellon.
Rating caps CIBC Mellon's strong performance across independent industry
surveys and awards in 2013
TORONTO, Oct. 7, 2013 /CNW/ - CIBC Mellon has been awarded "top-rated"
status by leading and cross-border/non-affiliated clients in Global
Custodian's 2013 Agent Banks in Major Markets survey. CIBC Mellon is
the only Canadian custodian to earn "top-rated" status in both
categories in the 2013 survey.
Global Custodian's report on Canada's custody market is based on client
survey responses, and notes that "CIBC Mellon has witnessed an increase
in the value of sub-custody assets under management due to the combined
effect of market increases and new business. This year, it is out
front among leading clients, beating the market average across
virtually all service areas."
"Sub-custodial clients look to their local market providers to deliver
relevant insights, timely updates, strong service and outstanding
execution," said Alistair Almeida, vice president, business development
and relationship management, global financial institutions, CIBC
Mellon. "We are very pleased to receive strong and positive feedback
from our clients in this survey, and remain as always committed to
The prestigious result in Global Custodian's annual ranking of
sub-custodians around the world continues CIBC Mellon's strong
performance across industry awards in 2013. Earlier this year, CIBC
Mellon was named Canada's top sub-custodian by Global Finance for the
seventh consecutive year, recognized as Custodian of the Year by
Custody Risk magazine, and named best sub-custodian in Canada by Global
Watch a video on the state of Canadian subcustody and the steps CIBC
Mellon is taking to serve subcustody clients, featuring David Linds,
senior vice president, business development and relationship
management, CIBC Mellon and Alistair Almeida, vice president, business
development and relationship management, global financial institutions,
About Global Custodian's Agent Banks in Major Markets survey
Now in its 24th year, the Agent Banks in Major Markets survey, conducted
by Global Custodian Magazine, is a rating by market participants of the
clearing and settlement services provided by agent banks across the
globe. In addition to awarding top-rated or commended status to
participants, the survey provides benchmark scores in 13 service areas.
Visit www.globalcustodian.com to learn more.
About CIBC Mellon
CIBC Mellon provides asset servicing solutions, including custody,
multicurrency accounting, fund administration, unitholder
recordkeeping, pension services and securities lending services, for
institutions and corporations. We have over 1,000 people dedicated to
delivering excellent client service to Canadian banks, pension funds,
investment funds, corporations, governments, insurance companies,
foreign insurance trusts, foundations and global financial institutions
whose clients invest in Canada. As at September 30, 2013, CIBC Mellon
held more than CAD$1.2 trillion of assets under administration on
behalf of our clients. CIBC Mellon is headquartered in Toronto, with
offices across Canada in Vancouver, Calgary, London, Montreal and
Halifax. Founded in 1996, CIBC Mellon is 50-50 jointly owned by
Canadian Imperial Bank of Commerce (CIBC) and The Bank of New York
Mellon Corporation (BNY Mellon), the world's largest custodian. CIBC
Mellon is part of the BNY Mellon network, which as at June 30, 2013 had
USD$26.2 trillion in assets under custody and administration and
USD$1.43 trillion in assets under management. CIBC Mellon is the
corporate brand of CIBC Mellon Trust Company and CIBC Mellon Global
Securities Services Company and may be used as a generic term to
reference either company or both companies collectively.
For more information - including CIBC Mellon's latest knowledge
leadership on issues relevant to institutional investors active in
Canada - visit www.cibcmellon.com or follow us on Twitter @CIBCMellon.
Video with caption: " Video: The state of Canadian subcustody and the steps CIBC Mellon is taking to serve subcustody clients, featuring David Linds, senior vice president, business development and relationship management, CIBC Mellon.". Video available at: http://stream1.newswire.ca/cgi-bin/playback.cgi?file=20131007_C7857_VIDEO_EN_31773.mp4&posterurl=http://photos.newswire.ca/images/20131007_C7857_PHOTO_EN_31773.jpg&clientName=CIBC%20Mellon&caption=%20Video%3A%20The%20state%20of%20Canadian%20subcustody%20and%20the%20steps%20CIBC%20Mellon%20is%20taking%20to%20serve%20subcustody%20clients%2C%20featuring%20David%20Linds%2C%20senior%20vice%20president%2C%20business%20development%20and%20relationship%20management%2C%20CIBC%20Mellon%2E&title=CIBC%20MELLON%20%2D&headline=CIBC%20Mellon%20%26quot%3Btop%20rated%26quot%3B%20in%20Canada%2C%20according%20to%20Global%20Custodian%20magazine%27s%202013%20Agent%20Banks%20in%20Major%20Markets%20survey
SOURCE: CIBC Mellon
For further information:
Brent Merriman, corporate communications, CIBC Mellon, firstname.lastname@example.org, 416-643-5065