TORONTO, July 16, 2019 /CNW/ - CIBC Mellon has been named best sub-custodian in Canada by Global Finance magazine. CIBC Mellon was awarded this title as part of Global Finance Magazine's ranking of "The World's Best Sub-custodian Banks 2019." The award results were announced by Global Finance on May 20, 2019, published in the July/August issue of Global Finance as well as online at GFMag.com, and will be formally presented at the 2019 SIBOS conference on September 25, 2019.
"Global investors and institutions want to work with firms that offer safety, transparency and efficiency as well as deep on-the-ground knowledge of local markets and regulatory regimes. With these awards, we honour institutions with the local market expertise and technological capabilities to deliver consistently superior securities services to global custodians," said Joseph D. Giarraputo, Publisher and Editorial Director of Global Finance. "We are pleased to recognize CIBC Mellon yet again as the best sub-custodian in Canada, and to congratulate them on their outstanding performance in supporting global investors as they navigate the Canadian market."
"We are proud to earn this prestigious award from Global Finance," said Shane Kuros, Chief Business Development and Product Officer, CIBC Mellon. "Canada continues to draw global investors seeking the stability afforded to them thanks to mature market infrastructure, robust capital markets, and one of the few remaining triple-A sovereign credit ratings. Clients seeking to navigate Canada's business and regulatory environment trust the CIBC Mellon team to provide relentless focus on client service and continuous improvement, combined with deep knowledge of the Canadian market, to help them meet the needs of both Canadian and global stakeholders."
About the Global Finance "World's Best Sub-custodian Banks 2019" Ranking
Global Finance's editorial board considered market research, input from expert sources, input from users of sub-custody services, and entry information from banks to select the institutions that reliably provide the best services in local markets and regions. The criteria included customer relations, quality of service, competitive pricing, smooth handling of exception items, technology platforms, post-settlement operations, business continuity plans and knowledge of local regulations and practices.
About Global Finance
Global Finance, founded in 1987, has a circulation of 50,000 and readers in 188 countries. Its circulation is audited by BPA. Global Finance's audience includes chairmen, presidents, CEOs, CFOs, treasurers and other senior financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Global Finance's website — GFMag.com — offers analysis and articles that are the legacy of 32 years of experience in international financial markets, and provides a valuable source of data on 192 countries. Global Finance is headquartered in New York, with offices in London and Milan. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.
About CIBC Mellon
CIBC Mellon is a Canadian company exclusively focused on the investment servicing needs of Canadian institutional investors and international institutional investors into Canada. Founded in 1996, CIBC Mellon is 50-50 jointly owned by The Bank of New York Mellon (BNY Mellon) and Canadian Imperial Bank of Commerce (CIBC). CIBC Mellon's investment servicing solutions for institutions and corporations are provided in close collaboration with our parent companies, and include custody, multicurrency accounting, fund administration, exchange-traded fund services, recordkeeping, pension services, securities lending services, foreign exchange settlement and treasury services. As at March 31, 2019, CIBC Mellon had more than C$1.9 trillion of assets under administration on behalf of banks, pension funds, investment funds, corporations, governments, insurance companies, foreign insurance trusts, foundations and global financial institutions whose clients invest in Canada. CIBC Mellon is part of the BNY Mellon network, which as at March 31, 2019 had US$34.5 trillion in assets under custody and/or administration. CIBC Mellon is a licensed user of the CIBC trade-mark and certain BNY Mellon trade-marks, is the corporate brand of CIBC Mellon Global Securities Services Company and CIBC Mellon Trust Company, and may be used as a generic term to refer to either or both companies.
For more information – including CIBC Mellon's latest knowledge leadership on issues relevant to institutional investors active in Canada – visit www.cibcmellon.com.
SOURCE CIBC Mellon