TORONTO, Oct. 17, 2012 /CNW/ - CIBC Mellon's relationship management was named best in the world in the 2012 Global Investor/ISF magazine Equity Lending Survey. CIBC Mellon was also named number one in stability of supply (recall risk/consistency), was cited as the 'most improved equity lender in the Americas' and was ranked second overall in the Americas region (weighted by importance). Of the 19 service categories, CIBC Mellon had top-10 finishes in 16 categories, including fees and billing, responsiveness to locate, and product knowledge.
"Its strong showing in the Global Investor/ISF 2012 Equity Lending Survey demonstrates that CIBC Mellon is recognised by securities lending market participants around the world," said Alastair O'Dell, editor, Global Investor/ISF magazine. " CIBC Mellon's performance in the survey confirms its position in the Canadian securities lending market and as an organization tightly focused on clients' needs, scoring particularly well as it did for its relationship management capabilities."
"CIBC Mellon's outstanding results in this global survey are representative of our commitment to delivering exceptional service, expert product knowledge and first class governance and reporting," said Phil Zywot, head of trading, CIBC Mellon. "These results show that our operational and service teams continue to exceed client expectations, and further reaffirms our position as Canada's leading securities lending agent."
The annual Global Investor/ISF survey is an impartial evaluation of how securities borrowers and lenders view each other based on their securities lending experience over a given year. The results allow market participants to benchmark performance while understanding changing client needs that drive continuous improvement within the securities lending industry. CIBC Mellon was ranked in group one, which includes the world's 20 largest participating providers of equity (balances available for loan) as of July 1, 2012. The full survey results are available in the September 2012 issue of Global Investor/ISF magazine and on the Global Investor/ISF website. (http://www.globalinvestormagazine.com/Article/3093312/Equity-lending-survey-lender-results.html)
About CIBC Mellon
CIBC Mellon provides asset servicing solutions, including custody, multicurrency accounting, fund administration, unitholder recordkeeping, pension services and securities lending services, for institutions and corporations. We have over 1,100 people dedicated to supporting more than 1,200 client relationships with Canadian banks, pension funds, investment funds, corporations, governments, insurance companies, foreign insurance trusts, foundations and global financial institutions whose clients invest in Canada. As at June 30, 2012, CIBC Mellon held more than CAD$1.1 trillion of assets under custody and administration on behalf of our clients. CIBC Mellon is headquartered in Toronto, with offices across Canada in Vancouver, Calgary, London, Montreal and Halifax. Founded in 1996, CIBC Mellon is 50-50 jointly owned by Canadian Imperial Bank of Commerce (CIBC) and The Bank of New York Mellon Corporation (BNY Mellon), the world's largest custodian. CIBC Mellon is part of the BNY Mellon network, which as at September 30, 2012 had USD$27.9 trillion in assets under custody and administration, USD$1.4 trillion in assets under management and global payments processed averaging USD$1.4 trillion per day.
For more information, visit www.cibcmellon.com or follow us on Twitter @CIBCMellon.
Image with caption: "Phil Zywot, vice president and head of trading, CIBC Mellon, accepts the award for #1 in the relationship management category in the 2012 Global Investor/ISF Equity Lending Survey from Alastair O'Dell, editor, Global Investor/ISF. (CNW Group/CIBC Mellon)". Image available at: http://photos.newswire.ca/images/download/20121017_C7915_PHOTO_EN_19528.jpg
SOURCE: CIBC Mellon
For further information:
Brent Merriman, corporate communications, CIBC Mellon, 416-643-5000, [email protected]