TORONTO, March 25, 2013 /CNW/ - CIBC Mellon has been rated the best sub-custodian in Canada in the 2013 Global Investor/ISF sub-custody survey, ranking first in the "unweighted" and "weighted by importance" tables.
"CIBC Mellon performed well in the Global Investor/ISF sub-custody survey, with clients scoring the company particularly highly in the settlement, dividend collection, and client service/relationship management categories," said Alastair O'Dell, editor, Global Investor/ISF magazine. "CIBC Mellon's strong performance in this year's survey demonstrates that the company is delivering great client service as it helps global investors navigate the unique features of the Canadian investment environment."
"Global investors rely on their local market asset servicing provider for more than settlement and safekeeping: they are looking for on-the-ground perspective, relevant market news, and insights into domestic industry changes that may impact their businesses," said Alistair Almeida, vice president, business development and relationship management, global financial institutions, CIBC Mellon. "We are pleased to see our commitment to delivering great client service recognized in this well-regarded survey, and we thank our clients for their participation."
About the Global Investor/ISF sub-custody survey
The annual Global Investor/ISF sub-custody survey includes results that represent Europe, the Americas, Asia Pacific, and Africa and the Middle East. For each country there are three tables: unweighted; weighted by assets under custody; and weighted by category importance. Respondents are asked to rate their sub-custodians across 12 service categories. The full results of the survey were published in the February edition of Global Investor/ISF magazine.
About Global Investor/ISF
Global Investor/ISF connects the worlds of asset management, asset servicing and securities finance. It was launched in 1985 and is a flagship title of Euromoney Institutional Investor plc. Global Investor/ISF's magazine, website and events cover asset management, asset servicing and securities finance.
About CIBC Mellon
CIBC Mellon provides asset servicing solutions, including custody, multicurrency accounting, fund administration, unitholder recordkeeping, pension services and securities lending services, for institutions and corporations. We have over 1,100 people dedicated to supporting more than 1,200 client relationships with Canadian banks, pension funds, investment funds, corporations, governments, insurance companies, foreign insurance trusts, foundations and global financial institutions whose clients invest in Canada. As at December 31, 2012, CIBC Mellon held more than CAD$1.2 trillion of assets under administration on behalf of our clients. CIBC Mellon is headquartered in Toronto, with offices across Canada in Vancouver, Calgary, London, Montreal and Halifax. Founded in 1996, CIBC Mellon is 50-50 jointly owned by Canadian Imperial Bank of Commerce (CIBC) and The Bank of New York Mellon Corporation (BNY Mellon), the world's largest custodian. CIBC Mellon is part of the BNY Mellon network, which as at December 31, 2012 had USD$26.7 trillion in assets under custody and administration, USD$1.4 trillion in assets under management and global payments processed averaging USD$1.5 trillion per day.
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.
CIBC Mellon is a licensed user of the CIBC trade-mark and certain BNY Mellon trade-marks.
SOURCE: CIBC Mellon