Canada's leader in asset servicing
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 at December 31, 2012, CIBC Mellon held more than CAD$1.2 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 at December 31, 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$1.5 trillion per day.
We provide our clients with a full range of asset servicing products and solutions, such as:
- Safekeeping, cash management and trade settlement
- Full service investment fund accounting, fund valuation services and unitholder record keeping
- Transition management
- Pension fund administration and benefit payment services
- Multinational services
- Securities lending and borrowing
We deliver key information to our clients, their investment managers and consultants by leveraging Workbench, our online information delivery tool.
Our asset servicing is designed to meet and exceed the needs of our clients:
- Pension funds
- Investment funds
- Insurance companies
- Foreign insurance trusts
- Governments
- Corporations
- Endowments and foundations
- Financial institutions with clients who invest in Canada
On November 1, 2010, CIBC Mellon sold its issuer services business (stock transfer and employee share purchase plans) to Canadian Stock Transfer Company, Inc (CST). to focus exclusively on continuing to deliver Canada’s leading asset servicing experience.
CST is currently operating the stock transfer business in the name of CIBC Mellon Trust Company during a transition period.
Canadian Deposit Insurance Corporation
