April 2009

CIBC Mellon appoints new senior vice president, CFO

We are pleased to announce that Brian Naish has been appointed senior vice president and chief financial officer at CIBC Mellon. Brian is responsible for CIBC Mellon’s finance, office services and facilities departments.

Mr. Naish joined CIBC Mellon in 2004, bringing extensive international financial expertise to the company. Prior to joining CIBC Mellon, Mr. Naish spent eight years with PricewaterhouseCoopers and Arthur Andersen, participating in a number of mergers and acquisitions in Canada, Australia and the United States. Mr. Naish has more than 13 years of finance and accounting experience working in the technology, financial, media/entertainment and telecommunications industries. Mr. Naish is a chartered accountant and certified public accountant (California).

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Trade Talk® is provided for general information purposes only and CIBC Mellon Global Securities Services Company, CIBC Mellon Trust Company, CIBC, The Bank of New York Mellon Corporation and their affiliates make no representations or warranties as to its accuracy or completeness. Readers should be aware the content of this publication should not be regarded as legal, tax, accounting, investment, financial or other professional advice nor is it intended for such use.

IN THIS ISSUE

Table of contents A message from our CEO What's left to be done? A U.S. economic update: Perspectives on the Federal Reserve's Treasury securities purchasing policy Asset allocation by Canadian and U.S. pension funds IFRS update: What is it and how does it affect your organization? CIBC Mellon appoints new senior vice president, CFO Workbench: Did you know? FX insight: Three FX questions with Darcy Browne Securities lending weathers the storm

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