Press Release

CIBC Mellon is the only "Top-Rated" agent bank in Canada for the past three years

Toronto, Oct. 1, 2007 - Today, CIBC Mellon Global Securities Services Company announced that it is a “Top-Rated” performer in Global Custodian magazine’s 2007 Agent Banks in Major Markets Survey, making CIBC Mellon the only Canadian provider to be “Top-Rated” by both cross-border and domestic clients for the past three years.

“CIBC Mellon’s results affirm its ability to customize and deliver solutions to support the diverse needs of its clients,” said Robert Kay, managing director, Global Securities Consulting Services, whose company analyzes the survey results.  “This ranking reflects the expertise and dedication of CIBC Mellon to providing clients with the best technology, and leading service quality.”

The annual survey, now in its 19th year, solicits feedback from domestic and cross-border clients, measuring the quality of asset servicing, clearing and settlement services provided by their custodian across 11 service categories. 

“It is rewarding to have the participants in the 2007 Agent Banks in Major Markets Survey acknowledge our success in proactively delivering the high quality service and market knowledge that clients expect and deserve,” said Thomas C. MacMillan, CIBC Mellon president and chief executive officer.  “We continually strive to be our clients’ most valued business partner and we are confident that we are well positioned to provide an excellent level of service to clients for years to come.”

CIBC Mellon is 50-50 jointly owned by Canadian Imperial Bank of Commerce and The Bank of New York Mellon Corporation.  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, securities lending and foreign exchange services in Canada. CIBC Mellon is part of BNY Mellon Asset Servicing, which has more than US$ 20 trillion in assets under custody and administration and $1 trillion in assets under management.   CIBC Mellon Global Securities Services Company is a sister company to CIBC Mellon Trust Company. 

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Contact:  Cheryl Ficker, director, corporate affairs, CIBC Mellon 416-643-6368