CIBC Mellon Named Best Sub-Custodian in Canada for the Fourth Year in a Row
by Global Finance Magazine

TORONTO, Aug. 19 /CNW/ - Today, CIBC Mellon Global Securities Services Company announced that it has been named the best sub-custodian in Canada for the fourth consecutive year in the 2010 Global Finance Magazine's World's Best Sub-Custodians Survey. This announcement comes on the release of Global Finance's annual survey results, which are published in the magazine's July/August edition. 

"CIBC Mellon is the leading provider of sub-custody services in Canada, with the highest level of client service and sophisticated asset servicing technology," said Joseph Giarraputo, publisher and editorial director, Global Finance Magazine. "Its business has continued to expand in the difficult market environment of the past few years and CIBC Mellon has contributed to the stability of the Canadian market. It is the sub-custodian of choice for cross-border investors in the Canadian market." 

"We are very proud to once again receive this recognition," said Thomas S. Monahan, president and chief executive officer, CIBC Mellon. "We are committed to building on this success for our clients, and to continue to deliver a superior sub-custodian experience year after year."

The annual survey, now in its eighth year, recognizes institutions that consistently provide the best custody services in local markets and regions to global clients.  The survey solicits feedback from Global Finance editors, reporters and other expert sources to assess various categories including:

• Customer relations
• Quality of service
• Business continuity plans
• Competitive pricing
• Smooth handling of exception items
• Technology platforms
• Post-settlement operations
• Knowledge of local regulations and practices

CIBC Mellon is 50-50 jointly owned by Canadian Imperial Bank of Commerce and BNY Mellon.  CIBC Mellon Global Securities Services Company is a leading provider of financial services for institutions and corporations, providing superior asset servicing, multicurrency accounting, information delivery, securities lending and foreign exchange services in Canada.  CIBC Mellon is part of BNY Mellon, which has US$21.8 trillion in assets under custody and administration and more than $1 trillion in assets under management. 

CIBC Mellon is a licensed user of the CIBC trade-mark and certain BNY Mellon trade-marks.

For further information:

David Bauer, corporate communications, CIBC Mellon 416-643-5142