TORONTO, Jan. 30, 2012 /CNW/ - CIBC Mellon has been named Regional Lender of the Year in the 2011 Global Securities Lending Awards. The award recognizes CIBC Mellon as the world's top securities lending provider with a specific geographic focus.
"This award reflects our continued success as Canada's top securities lending provider as well as our strong growth in the custody space," said Rob Ferguson, senior vice president, capital markets, CIBC Mellon. "Clients continue to choose CIBC Mellon because we are uniquely positioned to offer dedicated local expertise in the Canadian market combined with global reach and a full suite of asset servicing solutions."
"Earning top honours for regional lending is consistent with CIBC Mellon's dominant position in Canada's lending market, as well as the company's well-deserved reputation for excellence in client service, operational execution and risk management," said Mark Latham, executive editor of Fundamentals Magazine.
The 2011 Global Securities Lending award winners were selected based on voting by lending clients, borrowers and service providers. The Global Securities Lending Awards, now in their second year, are administered by Fundamentals magazine.
About CIBC Mellon
CIBC Mellon is 50-50 jointly owned by Canadian Imperial Bank of Commerce and The Bank of New York Mellon. CIBC Mellon has more than $1 trillion in assets under administration and is a leading provider of financial services for institutions and corporations, providing superior asset servicing, multicurrency accounting, information delivery, unitholder recordkeeping, and securities lending services in Canada. CIBC Mellon is part of the BNY Mellon network, which has US$25.8 trillion in assets under custody and administration and US$1.2 trillion in assets under management. www.cibcmellon.com
For further information:
Brent Merriman, corporate affairs, CIBC Mellon, 416-643-5000, [email protected]