CIBC Mellon Places No.1 in Canadian Sub-Custody in 2010 Agent Banks in Major Markets Survey

Oct 25, 2010 | Corporate Member News

CIBC Mellon Global Securities Services Company ranks first in Canadian sub-custody according to leading and cross-border clients and is “Top-Rated” by domestic clients in Global Custodian magazine’s 2010 Agent Banks in Major Markets Survey.

“CIBC Mellon’s scores from leading and cross-border clients are up yet again,” said the survey editors of Global Custodian. According to clients in the survey, “proactivity,” “flexibility” and “professional service” are the key drivers of CIBC Mellon’s success in 2010.

“We are honoured to receive these top results that are directly based on feedback from some of the world’s most influential financial institutions,” said Thomas S. Monahan, president and chief executive officer, CIBC Mellon.  “With the strength and scale of our parent companies, CIBC and BNY Mellon, and our aggressive growth strategy, we are committed to helping global financial institutions meet their growing and strategic goals in Canada.”

In addition to being ranked first and “Top-Rated” by leading and cross-border client segments, CIBC Mellon is the only Canadian provider to be “Top-Rated” by cross-border clients for the past six years.  The annual Agent Banks in Major Markets survey solicits feedback from global financial institutions and measures the quality of sub-custody services provided in major markets across 11 service categories.

CIBC Mellon Global Securities Services Company is Canada’s No.1 asset servicing provider.  In addition to the company’s top Canadian placement in the Agent Banks in Major Markets Survey, CIBC Mellon also placed No.1 in four categories in Global Investor / isf magazine’s 2010 Equity Lending Survey. CIBC Mellon was named the best sub-custodian in Canada for the fourth consecutive year in the 2010 Global Finance Magazine’s World’s Best Sub-Custodians Survey.  CIBC Mellon was also ranked as Canada’s No.1 provider of global custody services in the 2010 R&M Consultants Global Custody Survey.

CIBC Mellon is 50-50 jointly owned by Canadian Imperial Bank of Commerce and BNY Mellon.  CIBC Mellon Global Securities Services Company is a leading provider of financial services for institutions and corporations, providing superior asset servicing, multicurrency accounting, information delivery, unitholder recordkeeping, securities lending and foreign exchange services in Canada.  CIBC Mellon is part of BNY Mellon, which has US$24.4 trillion in assets under custody and administration and $1.14 trillion in assets under management.

For further information:

Contact: David Bauer, corporate communications, CIBC Mellon 416-643-5142

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