TORONTO, March 12, 2012 /CNW/ - CIBC Mellon has appointed Daniel Yardin to the role of director, equity securities lending. Mr. Yardin will be responsible for lending CIBC Mellon's international portfolio and further expanding the company's international equity lending program. Prior to joining CIBC Mellon, Mr. Yardin held various securities lending and operations positions in Canada, Australia and the United Kingdom. He has more than 14 years of experience in financial services.
"Daniel's extensive global experience and connections will further strengthen Canada's top securities lending operation," said Phil Zywot, head of trading, CIBC Mellon. "I am confident that this appointment will reinforce the strong performance we deliver on behalf of CIBC Mellon's securities lending clients and our approved borrower partners."
"I'm very excited to join the world's top regionally-focused global securities lending operation," said Daniel Yardin. "I'm looking forward to working with my new colleagues to bring our clients great results through CIBC Mellon's international equity lending program."
CIBC Mellon administers Canada's leading securities lending program. The program has the country's largest loan balances and largest trading desk operation and, building on the experience of our parent companies, has been respected in the global securities lending market since 1985.
For more information about CIBC Mellon's global securities lending program, visit our website at http://www.cibcmellon.com/Contents/en_CA/English/GSSCentre/Products/Capital_markets/Securities_lending.html
About CIBC Mellon
CIBC Mellon provides asset servicing solutions for institutions and corporations, including custody, multicurrency accounting, fund administration, unitholder recordkeeping, pension services and securities lending. 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 foreign financial institutions whose clients invest in Canada. As of January 31, 2012, CIBC Mellon held more than CAD$1.1 trillion of assets under 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 of December 31, 2011 had USD$25.8 trillion in assets under custody and administration, USD$1.26 trillion in assets under management and global payments processed averaging $1.5 trillion per day.
For further information:
visit www.cibcmellon.com or follow us on Twitter @CIBCMellon.
Brent Merriman, corporate affairs, CIBC Mellon, 416-643-5000, [email protected]