TORONTO, May 30, 2016 /CNW/ - For the tenth year in a row, 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 Securities Services Providers 2016." The award results were announced by Global Finance on May 13, 2016; a full report on the selections will appear in the July/August issue of Global Finance and online at GFMag.com.
"Global investors and institutions want to work with firms that are the safest and have the most in-depth on-the-ground knowledge of local markets and regulatory regimes. With these awards, we evaluate those providers that do the best job of securities servicing in increasingly complex global markets," said Joseph D. Giarraputo, Publisher and President 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 magazine for the tenth consecutive year," said Shane Kuros, Vice President, Business Development and Relationship Management, 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 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 Securities Services Providers 2016" Ranking
For 2016, Global Finance expanded the scope of its annual survey to include sectors such as: Prime Brokers, Securities Lenders, Collateral Managers, Trust Services Providers and Depositary Receipt Banks. Global Finance's editorial board, making use of market research, input from expert sources and entry information from banks, selected the winners from the institutions that reliably provide the best services in local markets and regions. Our 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 50,050 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. Global Finance also targets the 8,000 international portfolio investors responsible for more than 80 per cent of all global assets under professional management. Its website — GFMag.com — offers analysis and articles that are the heritage of 29 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. www.gfmag.com
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, 2016, CIBC Mellon had more than C$1.6 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, 2016 had US$29.1 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