Press Release

CIBC Mellon appointed trustee and asset servicing provider by Torstar Corporation

Toronto, October 15, 2007 - Today, CIBC Mellon Global Securities Services Company announced its appointment by Torstar Corporation to act as trustee and asset servicing provider for the company’s pension and master trust.

“Torstar Corporation is a broad-based media company and its businesses include the Star Media Group led by the Toronto Star. It was important for us to identify a partner that matches our reach and resources,” said D. Todd Smith, treasurer of Torstar. “CIBC Mellon’s commitment to client service excellence, backed by superior technology and expertise, made them the appropriate choice as our asset service provider.” 

“We are pleased to be Torstar Corporation’s service provider of choice, providing global asset servicing, including benefit payments, securities lending and performance measurement and analytics,” said Thomas C. MacMillan, president and chief executive officer, CIBC Mellon. “With Workbench, our real-time, online information delivery portal, and our people’s expertise and commitment to delivering exceptional client service, we look forward to supporting the corporation.”

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