CIBC Mellon Global Securities Services Company currently provides custody services to 30% of the Canadian marketplace. Our client base is comprised of approximately 1,100 relationships representing 1,000 domestic clients and nearly 100 foreign financial institutions with assets under administration of more than CDN $989 billion, as at August 31, 2009.
Built on the strengths and traditions of our two parent companies: Canadian Imperial Bank of Commerce (CIBC) and The Bank of New York Mellon Corporation (BNY Mellon), CIBC Mellon strives to design and deliver reliable issuer services and asset servicing solutions to institutional investors operating in Canada. We first began offering asset services to institutional investors in 1996, when CIBC joined forces with Mellon Financial Corporation (Mellon) to form a 50/50 joint venture—CIBC Mellon Global Securities Services Company. On July 1, 2007, Mellon—our U.S. parent company—merged with The Bank of New York Company Inc. to form the 11th-largest financial services company in the world. As a result of this merger, BNY Mellon is now the global leader in asset servicing with more than US $20 trillion in assets under custody and administration.
Our clients include Canadian pension funds, mutual funds, corporations, government, insurance companies, foreign insurance trusts, foundations and foreign financial institutions whose clients invest in Canada. We work in partnership with our clients to increase operational efficiencies, manage risk, and increase performance, leveraging products and services such as:
* Workbench, our browser-based information delivery product that delivers real time asset servicing information, market profiles and depository risk analysis
* Multicurrency accounting, reporting and settlement in 105 markets
* International securities lending in 22 markets
* Multinational services for global organizations with pension plans in more than one country
For further information about CIBC Mellon, please visit www.cibcmellon.com
Copyright 2009. A BNY Mellon and CIBC joint venture company. CIBC Mellon is a licensed user of the CIBC trade-mark and certain BNY Mellon trade-marks.
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