TORONTO, May 19, 2015 /CNW/ - For the ninth consecutive year, CIBC Mellon has been named the best sub-custodian in Canada in Global Finance magazine's annual ranking of the "World's Best Sub-Custodian Banks". The full award results will be published in the July/August issue of Global Finance. Senior CIBC Mellon leaders will join other honorees at the Marina Mandarin Singapore on October 14, 2015 to accept the award during the 2015 Sibos Conference.
"With complex and growing demands from regulators, underlying investors and other stakeholders, global financial institutions are seeking sub-custodians that provide strength and stability as well as in-depth knowledge of local markets and regulatory regimes," said Joseph D. Giarraputo, Publisher and President of Global Finance. "We are pleased to recognize CIBC Mellon once again as the best sub-custodian in Canada, and we commend them on their outstanding performance in asset servicing and protection."
"We are honored to earn this prestigious award from Global Finance magazine for the ninth consecutive year," said Shane Kuros, Vice President, Business Development and Relationship Management, CIBC Mellon. "Global investors remain highly attracted to Canada thanks to our stable financial sector, effective regulatory environment and triple-A credit rating. Clients seeking to navigate Canada's business and regulatory environment trust the CIBC Mellon team to provide an intense 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-Custodians" ranking
Each year, Global Finance magazine publishes an assessment of sub-custody products and services of asset servicing providers in countries around the world. Global Finance editors and reporters, with input from expert sources, selected the winners from the institutions that reliably provide the best services in local markets and regions to global custodians. Assessment 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. The full list of winners is available at http://www.gfmag.com/media/press-releasess/worlds-best-subcustodian-banks-2015
About Global Finance
Global Finance, founded in 1987, has a circulation of 50,050 and readers in 180 countries. Global Finance's audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Its website — GFmag.com — offers analysis and articles that are the heritage of 28 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. 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, recordkeeping, pension services, securities lending services, foreign exchange settlement and treasury services. As at March 31, 2015, CIBC Mellon had more than C$1.5 trillion of assets under administration on behalf of 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, 2015 had US$28.5 trillion in assets under custody and/or administration and US$1.74 trillion in assets under management. CIBC Mellon is the corporate brand of CIBC Mellon Trust Company and CIBC Mellon Global Securities Services Company and may be used as a generic term to reference either company or both companies collectively.
For more information – including CIBC Mellon's latest knowledge leadership on issues relevant to institutional investors active in Canada – visit www.cibcmellon.com or follow us on Twitter @CIBCMellon.
SOURCE CIBC Mellon