TORONTO AND NEW YORK, April 24, 2014 /CNW/ - CIBC Mellon has again earned the title of "Custodian of the Year: Canada" at the Custody Risk Americas Awards. Custody Risk Magazine's annual Americas Awards recognize outstanding achievers in the securities services industry across North and South America. CIBC Mellon was also named Canadian Custodian of the Year at the 2013 Custody Risk Americas Awards.
"Based on a rigorous review, Custody Risk's independent judging panel identified CIBC Mellon as Canada's Custodian of the Year for 2014. The company's advanced product suite, knowledgeable staff, and strong client service experience along with their effective responses to emerging regulatory changes helped set CIBC Mellon apart," said Luke Clancy, editor, Custody Risk Magazine.
"Everyone at CIBC Mellon remains relentlessly focused on delivering outstanding client service for Canadian domestic institutional investors and global investors whose clients invest in Canada. We are very proud to be recognized once more by Custody Risk as Canada's Custodian of the Year," said David Linds, senior vice president, business development and relationship management, CIBC Mellon.
Custody Risk's judging panel assessed Custodian of the Year nominees based on the strength of submissions, investment in staff, innovation, business performance, level of client support, business mandates earned, responses to new regulation, and technology development. In addition to being named Custodian of the Year for Canada, CIBC Mellon was shortlisted in a number of additional categories, including Fund Administrator of the Year; Mutual Fund Administrator of the Year; and Technology Innovation of the Year. The 2014 Custody Risk Awards were announced and presented on April 10, 2014 in New York.
About Custody Risk
With new regulations on central clearing, margining and collateral segregation coming into effect, the role of the custodian is arguably more important than ever. Custody Risk includes news, analysis and research on the latest industry developments. Custody Risk has recognized industry players in its Americas Awards since 2011. Custody Risk is part of the Risk.net brand of financial risk management news and analysis properties operated by Incisive Media. All of the Risk.net brands including Asia Risk, Credit, Energy Risk, Life & Pensions Risk, Operational Risk & Regulation, Risk and Structured Products post articles on the fast-moving worlds of complex and sophisticated finance, regulation, derivatives, and risk management. Visit www.risk.net to learn more.
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, unitholder recordkeeping, pension services, securities lending services, foreign exchange settlement and treasury services. As at March 31, 2014, CIBC Mellon had more than CAD$1.3 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, 2014 had USD$27.9 trillion in assets under custody and administration and USD$1.6 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