CIBC Mellon led all operational survey categories in the Canadian market, including asset servicing, settlement, technology, ancillary services and value delivered
TORONTO, Oct. 8, 2015 /CNW/ - CIBC Mellon has once again been named "Market Outperformer: Canada" in Global Custodian magazine's annual Agent Banks in Major Markets survey. The prestigious survey of global institutional investors saw CIBC Mellon achieving the highest scores in the Canadian market across all operational categories, including settlement, asset servicing, technology, ancillary services and value delivered. The results were announced in the October 2015 edition of Global Custodian, with the award formally presented later the same month at the Sibos conference in Singapore.
"Based on our analysis of client survey feedback, CIBC Mellon has continued its run of being the top-performing custodian in the Canadian market,'" said Robert Kay, Director of Surveys and Research, Global Custodian. "CIBC Mellon should be particularly commended in areas highlighted by clients, including settlement, corporate actions, technology, and the flexibility of CIBC Mellon's relationship management staff."
"Global institutional investors know they can rely on CIBC Mellon for outstanding service, dependable execution and insights to help them navigate the complexities of the Canadian marketplace," said Shane Kuros, Vice President, Business Development and Relationship Management, CIBC Mellon. "We are pleased to be recognized once again in the Global Custodian survey as the leader in Canadian asset servicing."
CIBC Mellon's latest success in Global Custodian's Agent Banks in Major Markets survey continues the company's string of industry awards. CIBC Mellon was also named Canada's market outperformer in the 2014 edition of the Global Custodian survey, and was "Top Rated" in the same survey over many prior years. In 2015, CIBC Mellon was named Canada's top sub-custodian by Global Finance magazine for the ninth consecutive year, while also earning widespread recognition for its employee engagement efforts. CIBC Mellon was recognized in 2015 for Canada's "Best Reward and Recognition Strategy" at the Canadian HR Awards, commended in the "Social Responsibility Project of the Year" Category at the Employee Engagement Awards, and again named one of the Achievers 50 Most Engaged Workplaces™ in North America.
About Global Custodian magazine and the Agent Banks in Major Markets survey
Now in its 26th year, Global Custodian magazine's Agent Banks in Major Markets survey measures client perceptions across approximately 50 service questions organized around six core categories including the quality of clearing and settlement, asset servicing, technology and client service as provided by agent banks around the world. Survey results are based on thousands of responses from all geographies covering the performance of more than 80 providers in 27 major markets.
Founded in 1989, the original focus of Global Custodian magazine was on securities processing operations: articles that explore how shares trade and settle and are held. Its editorial scope has since expanded to include fund administration, securities lending and financing, prime brokerage and the infrastructure of the global securities industry (CSDs, ICSDs, payments systems and other industry bodies and initiatives). The editorial content of the magazine is now also supported by industry-standard surveys that address how the performance of custodian banks, fund administrators, prime brokers and tri-party securities financing providers compare with each other and within individual markets. Visit www.globalcustodian.com 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, securities lending services, foreign exchange settlement and treasury services. As at September 30, 2015, CIBC Mellon had more than C$1.5 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 June 30, 2015 had US$28.6 trillion in assets under custody and/or administration and US$1.7 trillion in assets under management. 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, visit cibcmellon.com or follow us on Twitter @CIBCMellon.
SOURCE CIBC Mellon
For further information: Brent Merriman, corporate communications, CIBC Mellon, 416-643-5065, [email protected]; Matt Aldred, surveys and research, Global Custodian, +44 (0) 20 7397 3818, [email protected]