Press Release

J. Zechner Associates selects CIBC Mellon for pooled fund asset servicing

Toronto, April 7, 2008 - Today, CIBC Mellon Global Securities Services Company announced its appointment by J. Zechner Associates Inc. to provide asset servicing support for its family of pooled funds, including global custody, fund accounting, unitholder recordkeeping, foreign exchange and securities lending services.

“We have experience working with CIBC Mellon through our relationships with common institutional clients,” said John Zechner, chairman and chief investment officer, J. Zechner Associates, Inc.  “CIBC Mellon shares our entrepreneurial drive and commitment to professional excellence, which brings us tremendous comfort as we extend their services to our family of pooled funds.”

“J. Zechner Associates has built a strong reputation for itself in the Canadian asset management market over the past fifteen years,” said Thomas C. MacMillan, president and chief executive officer, CIBC Mellon.  “We are committed to helping them meet their long-term growth objectives as they reduce risk, and leverage our robust technology platform to realize new operational efficiencies.”

J. Zechner Associates Inc., established in 1993, manages money for pension funds, institutions and mutual fund companies, family trusts, endowments and high net worth individuals. Ranked among Canada’s fastest growing investment counsellors, the firm manages over $2 billion in assets from its offices in Toronto.  The firm is wholly-owned by its employee partners and has achieved consistent investment performance by combining professional talent with corporate independence.

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$23 trillion in assets under custody and administration and more than $1.1 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