TORONTO, May 6, 2019 /CNW/ - CIBC Mellon today announced that Emily Portney, Global Head of Client Coverage and Head of Americas, Asset Servicing, BNY Mellon, has been named to the Boards of Directors for CIBC Mellon Global Securities Services Company and CIBC Mellon Trust Company; and that Robert Hutchison has been named to the Board of Directors for CIBC Mellon Trust Company. CIBC Mellon also announced the January appointment of Chint Kulkarni, Managing Director and Head, Loan Syndications, Corporate Banking, CIBC, to the Board of CIBC Mellon Trust Company.
As Global Head of Client Coverage and Head of Americas, Ms. Portney leads the client management, sales and service teams for BNY Mellon's Asset Servicing business globally. As Head of Americas, she manages the U.S. Asset Servicing and Latin America Asset Servicing businesses and oversees BNY Mellon's interest in the CIBC Mellon Asset Servicing joint venture in Canada. Ms. Portney holds a Master of Business Administration from Columbia Business School and a bachelor's degree from Duke University.
"Emily is a seasoned executive with a depth of leadership experience across the financial services industry," said Dan Smith, Chair of CIBC Mellon's Boards of Directors and Executive Vice President, Global Head of Asset Servicing Business Resiliency, BNY Mellon. "Her broad industry insights, strategic thinking, global client focus and commitment to developing organizational talent will bring significant value to CIBC Mellon."
Robert ("Bob") Hutchison has more than 40 years of experience as a business lawyer with an emphasis on financial services in Canada and a focus on securities regulations and infrastructure. Mr. Hutchison recently retired as a partner of Borden Ladner Gervais LLP where he began his practice in 1977 and held various senior positions. He is a graduate of the Leadership in Law Firms Executive Program at Harvard Law School and holds a J.D. from University of Toronto.
"Bob is a well-respected advisor on capital markets and derivatives activities," said John Ferren, Senior Vice President, Deposits, CIBC and Director of CIBC Mellon Global Securities Services Company and CIBC Mellon Trust Company. "His leadership and extensive experience advising clients in the financial services industry will make him a strong addition to CIBC Mellon's Boards of Directors."
Chint Kulkarni is Managing Director and Head of Loan Syndications within Corporate Banking at CIBC, where she runs a team that is responsible for origination, structuring and distribution of syndicated credit for CIBC's clients across Capital Markets and Commercial Banking. Ms. Kulkarni is a member of CIBC's Canadian Corporate Banking Operating Committee. She holds an Honours Bachelor of Arts degree in Art History from McGill University and a Master of Business Administration in Finance from DeGroote School of Business.
"With her deep expertise across credit, capital markets and loan activities, Chint continues to make valuable contributions to CIBC Mellon and its Boards," said John Ferren. "She is an insightful leader with a wealth of knowledge regarding Canadian and global markets and a thoughtful participant in ongoing strategic discussions."
CIBC Mellon also announced that Thaddeaus Duchnowski and Jeffrey Graham stepped down as members of the Boards of Directors for both CIBC Mellon Global Securities Services Company and CIBC Mellon Trust Company in March 2019, and that Susan Rimmer stepped down in December 2018.
"Thaddeaus, Jeffrey and Susan made valuable contributions during their tenure on the CIBC Mellon Boards," said Dan Smith. "We thank them for their support and efforts."
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 March 31, 2019, CIBC Mellon had more than C$1.9 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 global network, which as at March 31, 2019 had US$34.5 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.
Media Contact: Brent Merriman, Corporate Communications, CIBC Mellon, 416-643-5065, firstname.lastname@example.org
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For further information: Media Contact: Brent Merriman, Corporate Communications, CIBC Mellon, 416-643-5065, email@example.com