TORONTO, Dec. 19, 2016 /CNW/ - CIBC Mellon has once again secured the title, "Custodian of the Year: Canada" in the Canada award category at Custody Risk Global Awards 2016 held on November 10, 2016 in London, UK. Custody Risk's annual awards recognize outstanding achievers in the worlds of custody, fund administration and securities services.
"Based on a competitive review, Custody Risk's independent panel of judges identified CIBC Mellon as Canada's Custodian of the Year for 2016," said Custody Risk Magazine. "We are pleased to congratulate CIBC Mellon on the company's performance and strong client service experience. Judges in particular praised CIBC Mellon's technology, its securities lending in Canada and its servicing of the largest clients all the way down to the smallest."
"We are proud to earn this prestigious award from Custody Risk, and be recognized as Canada's Custodian of the Year," said Rob Ferguson, Senior Vice President, Capital Markets, Business Development and Relationship Management, CIBC Mellon. "The team here at CIBC Mellon is committed to supporting our clients' evolving investment and administrative data requirements, delivering outstanding client service, and providing valued solutions to Canadian investors and global investors who invest into Canada."
Custody Risk's judging panel assessed Custodian of the Year nominees based on the strength of submissions, investment in staff, innovation, business performance, level of client support, business mandates earned, responses to new regulation, and technology development.
CIBC Mellon's 50 per cent joint venture parent company, BNY Mellon, also earned a number of Custody Risk Global Awards for 2016, including global "Custodian of the Year" and "Most Innovative Project" as well as "Custodian of the Year: Germany" and "Custodian of the Year: United States."
About the Custody Risk Global Awards
The Risk Awards recognize the work of firms and individuals in the derivatives markets and risk management. They are the longest-running awards of their kind and are widely recognized as the most prestigious. The awards are decided by the editors and journalists of Risk.net and Risk magazine, with the judging process breaking into three parts: submission of pitch documents; off-record meetings; due diligence on shortlisted candidates, including client calls.
About Custody Risk
Custody Risk is part of the Risk.net brand of financial risk management news and analysis and is owned by Incisive Media. It includes news, analysis and research on the latest industry developments. Custody Risk includes news, analysis and research on the latest industry developments. All of the Risk.net brands including Asia Risk, Credit, Energy Risk, Life & Pensions Risk, Operational Risk & Regulation, Risk and Structured Products post articles on the fast-moving worlds of complex and sophisticated finance, regulation, derivatives, and risk management. Visit www.risk.net to learn more.
About CIBC Mellon
CIBC Mellon is a Canadian company exclusively focused on the investment servicing needs of Canadian institutional investors and international institutional investors into Canada. Founded in 1996, CIBC Mellon is 50-50 jointly owned by The Bank of New York Mellon (BNY Mellon) and Canadian Imperial Bank of Commerce (CIBC). CIBC Mellon's investment servicing solutions for institutions and corporations are provided in close collaboration with our parent companies, and include custody, multicurrency accounting, fund administration, recordkeeping, pension services, exchange-traded fund services, securities lending services, foreign exchange processing and settlement, and treasury services. As at September 30, 2016, CIBC Mellon had more than C$1.7 trillion of assets under administration on behalf of banks, pension funds, investment funds, corporations, governments, insurance companies, foreign insurance trusts, foundations and global financial institutions whose clients invest in Canada. CIBC Mellon is part of the BNY Mellon network, which as at September 30, 2016 had US$30.5 trillion in assets under custody and/or administration. CIBC Mellon is a licensed user of the CIBC trade-mark and certain BNY Mellon trade-marks, is the corporate brand of CIBC Mellon Global Securities Services Company and CIBC Mellon Trust Company, and may be used as a generic term to refer to either or both companies.
For more information, including CIBC Mellon's latest knowledge leadership on issues relevant to institutional investors active in Canada, visit www.cibcmellon.com.
SOURCE CIBC Mellon