Also adds new Board members David Gillespie of CIBC and Thaddeus Duchnowski of BNY Mellon
TORONTO, Feb. 9, 2018 /CNW/ - CIBC Mellon announced today that Daniel ("Dan") Smith, Executive Vice President, Head of Americas Asset Servicing, BNY Mellon, has been named as Chair of the Boards of Directors for CIBC Mellon Global Securities Services Company and CIBC Mellon Trust Company. Prior to Mr. Smith's appointment as Chair, he served as Director on CIBC Mellon's Boards. Mr. Smith assumed his role as Chair on February 1, 2018, replacing Samir Pandiri.
As Executive Vice President, Head of Americas Asset Servicing at BNY Mellon, Mr. Smith leads the Americas region for BNY Mellon's Asset Servicing business. In this capacity, he manages the U.S. Asset Servicing and Latin America Asset Servicing businesses, and oversees BNY Mellon's interest in the CIBC Mellon Asset Servicing joint venture. Mr. Smith joined BNY Mellon in 1987 and has held various management positions throughout his tenure with the company. He holds a Bachelor of Arts degree in Management from Hartwick College.
"Dan has made a valuable contribution as Director on our Boards, bringing deep industry knowledge, expertise and understanding of our clients. I am delighted that he now takes on this extended leadership role as Chair," said Steven Wolff, President and CEO of CIBC Mellon.
CIBC Mellon also announced several new appointments to its Boards of Directors. David Gillespie, Senior Vice President, Capital Markets, Wealth Management Operations, CIBC, has joined as a Director of the Board for CIBC Mellon Trust Company. Mr. Gillespie is responsible for CIBC's operations functions, supporting capital markets, wealth management, treasury, and commercial and corporate lending. He joined CIBC in 2006 and has more than 25 years of IT and operations senior management experience. Mr. Gillespie holds a Bachelor of Commerce degree from the University of Manitoba.
Thaddeus ("Thad") Duchnowski, Managing Director, Global Client Management, BNY Mellon, has been appointed to CIBC Mellon's Board of Directors for CIBC Mellon Trust Company. Mr. Duchnowski joined BNY Mellon in 2000. In his role at BNY Mellon, Mr. Duchnowski is responsible for developing strategic relationships with Canadian and U.S. banks which include brokerage, wealth management, international and commercial banking affiliates. He has a Bachelor of Science degree in Business Management from Saint Peters College.
In addition to their roles on the CIBC Mellon Trust Company Board, Anne-Marie Dunn, Senior Vice-President, Talent Acquisition and Development, Human Resources, CIBC, and Daniel G. Kramer, Executive Vice President, Client Service Delivery, BNY Mellon, have also been elected to the CIBC Mellon Global Securities Services Company Board.
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.
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, exchange-traded fund services, securities lending services, foreign exchange processing and settlement, and treasury services. As at December 31, 2017, 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 December 31, 2017 had US$33.3 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.