TORONTO, June 30 /CNW/ - Rob Ferguson, vice president, product and client service, global securities lending, and Robert Chiuch, vice president, head of trading, global securities lending, will share cross-functional responsibilities for CIBC Mellon's global securities lending division. Rob and Robert will report to Tom Monahan, CIBC Mellon's president and chief executive officer.
Rob Ferguson has 20 years of experience in securities lending. He joined CIBC Mellon at the company's inception in 1996, coming from a securities lending software vendor. Rob was promoted to assistant vice president, product and technology in 2001 and took on his current role as vice president, product and client service in 2004. He has a degree in economics from York University.
Robert Chiuch has 22 years of financial industry experience, including 21 years in securities lending. Robert joined CIBC Mellon at the company's formation in 1996, holding progressive roles within the securities lending group. His previous work experience includes positions with CIBC and National Bank Financial. Robert is president and co-founder of the Canadian Securities Lending Association (CASLA) and sits on the Board of Directors for The Duke of Edinburgh's Awards (Ontario). Rob has an MBA from the University of Western Ontario's Richard Ivey School of Business
"We are very pleased to be able to appoint two such high calibre individuals from within CIBC Mellon's global securities lending team," said Thomas S. Monahan, president and chief executive officer. "Rob and Robert have long demonstrated the leadership necessary to continue to grow this important area of our business."
"Rob and Robert played integral roles in building CIBC Mellon's securities lending business," said James Slater, recently appointed managing director and chief operating officer of BNY Mellon Global Securities Lending. "I look forward to working in strategic partnership with Rob and Robert as they continue to deliver exceptional service and performance to CIBC Mellon's securities lending clients."
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, securities lending and foreign exchange services in Canada. CIBC Mellon is part of BNY Mellon, which has US$22.4 trillion in assets under custody and administration and more than US$1.1 trillion in assets under management.
BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $22.4 trillion in assets under custody and administration and $1.1 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. Learn more at bnymellon.com.
SOURCE CIBC Mellon
For further information: For further information: Brent Merriman, CIBC Mellon corporate affairs - 416-643-5065