TORONTO, Oct. 15 /CNW/ - Today, CIBC Mellon Global Securities Services
Company announced its appointment by Torstar Corporation to act as trustee and
asset servicing provider for the company's pension and master trust.
"Torstar Corporation is a broad-based media company and its businesses
include the Star Media Group led by the Toronto Star. It was important for us
to identify a partner that matches our reach and resources," said D. Todd
Smith, treasurer of Torstar. "CIBC Mellon's commitment to client service
excellence, backed by superior technology and expertise, made them the
appropriate choice as our asset service provider."
"We are pleased to be Torstar Corporation's service provider of choice,
providing global asset servicing, including benefit payments, securities
lending and performance measurement and analytics," said Thomas C. MacMillan,
president and chief executive officer, CIBC Mellon. "With Workbench, our
real-time, online information delivery portal, and our people's expertise and
commitment to delivering exceptional client service, we look forward to
supporting the corporation."
The Torstar businesses also include digital properties thestar.com,
toronto.com, LiveDeal.ca, Workopolis and Olive Canada Network; Metroland Media
Group, publishers of community and daily newspapers in Ontario; and Harlequin
Enterprises, a leading global publisher of women's fiction. For more
information please visit www.torstar.com.
CIBC Mellon is 50-50 jointly owned by Canadian Imperial Bank of Commerce
and The Bank of New York Mellon Corporation. 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, securities lending and foreign exchange
services in Canada. CIBC Mellon is part of BNY Mellon Asset Servicing, which
has more than US$ 20 trillion in assets under custody and administration and
$1 trillion in assets under management. CIBC Mellon Global Securities Services
Company is a sister company to CIBC Mellon Trust Company. Visit CIBC Mellon's
website at www.cibcmellon.com.
For further information:
For further information: Cheryl Ficker, director, corporate affairs,
CIBC Mellon, (416) 643-6368