TORONTO, March 22 /CNW/ - Today, CIBC Mellon Global Securities Services Company announced that it is the No. 1 provider of global custody services in Canada, according to the 2010 R&M Consultants Global Custody Survey.
"In the 2010 survey CIBC Mellon made significant gains over previous years," said Richard Hogsflesh, managing director, R&M Consultants. "As a result of their continuous improvement, CIBC Mellon now assumes first place in the intensely competitive Canadian global custody market."
"We thank our clients for ranking us so highly in this important independent assessment of service quality," said Thomas S. Monahan, president and chief executive officer, CIBC Mellon. "We attribute our success to our commitment to operational excellence and proactive client service, backed by a robust global technology platform."
The annual R&M Consultants Global Custody Survey ranks the quality of global custody services by collecting feedback from investment managers and institutional investors around the world.
In addition to this most recent No. 1 ranking, CIBC Mellon also ranks No. 1 for the quality of securities lending service provided over the past year (ISF magazine), and is consistently ranked No. 1 for Canadian sub-custody services, according to the world's most sophisticated global financial institutions as determined in the annual Agent Banks in Major Markets Survey (Global Custodian magazine).
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$22.3 trillion in assets under custody and administration and more than US$1.1 trillion in assets under management. For information, visit www.cibcmellon.com.
SOURCE CIBC Mellon
For further information: For further information: David Bauer, corporate communications, CIBC Mellon, (416) 643-5142