CIBC Mellon Places No. 1 in Four Categories in Global Investor / isf 2010
Equity Lending Survey
Receives No.1 in securities lending relationship management
TORONTO, Oct. 21 /CNW/ - CIBC Mellon Global Securities Services Company placed No. 1 in four prestigious categories in Global Investor / isf magazine's 2010 Equity Lending Survey. The company also ranks fourth overall (unweighted) among the world's largest global securities lenders. CIBC Mellon placed No. 1 in:
- Relationship Management
- Stability of Supply
- Operations - Collateral Management
- Collateral Flexibility Non Cash
"CIBC Mellon once again demonstrates that it is among the world's most effective and well-managed global securities lenders," said Craig MacDonald, publisher, Global Investor / isf magazine. "Their focus on the needs of their borrower clients and ability to continue to strengthen their world class securities lending program year-over-year during a challenging market environment is reflected in their 2010 survey results - CIBC Mellon's best ranking during the history of our survey."
"The securities lending industry has faced unprecedented uncertainty throughout the past few years and we are honoured to be recognized by the borrower community as a trusted and strategic partner that can help generate alpha opportunities while effectively managing risk," said Robert Chiuch, co-head, securities lending, CIBC Mellon.
"Global market regulations will continue to evolve throughout 2011. We are committed to working closely with our clients to deliver customized securities lending approaches that help them prepare for these changes while continuing to generate strong returns," said Rob Ferguson, co-head, securities lending.
The annual survey is an impartial evaluation of how securities borrowers and lenders view each other based on their securities lending experience over a given year. The results allow market participants to benchmark performance while understanding changing client needs that drive continuous improvement within the securities lending industry.
CIBC Mellon Global Securities Services Company is Canada's No.1 asset servicing provider. In addition to the company's top ranking in the 2010 Global Investor / isf magazine survey, CIBC Mellon was 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. CIBC Mellon was also ranked as Canada's No.1 provider of global custody services in the 2010 R&M Consultants Global Custody Survey.
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, unitholder recordkeeping, securities lending and foreign exchange services in Canada. CIBC Mellon is part of BNY Mellon, which has US$24.4 trillion in assets under custody and administration and more than $1 trillion in assets under management.
For further information:
David Bauer, corporate communications, CIBC Mellon 416-643-5142
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