Shane Kuros joins CIBC Mellon as Vice President, Head of Sales

25-year financial services veteran to focus on expanding asset servicing relationships with Canadian institutional investors and global investors into Canada  

TORONTO, April 21, 2014 /CNW/ - CIBC Mellon today announced that Shane Kuros has joined the company as Vice President, Head of Sales.  Mr. Kuros will be responsible for expanding CIBC Mellon's relationships with Canadian institutional investors and with global institutions whose clients invest into Canada.

"Today's institutional investors are under intense pressure on many fronts - from expanding global regulatory complexity to a demanding low-interest-rate environment to vastly expanded reporting requirements.  I have no doubt that Shane's extensive experience, strong relationships and deep knowledge of the marketplace will prove very valuable in helping our prospective clients identify opportunities to leverage CIBC Mellon solutions," said David Linds, Senior Vice President, Business Development and Relationship Management, CIBC Mellon.

Mr. Kuros brings more than 25 years of sales, marketing and product development experience in financial services to CIBC Mellon.  His previous executive leadership roles span the asset servicing, payment processing and loyalty marketing segments.  Mr. Kuros holds a Bachelor of Commerce from University of Manitoba. 

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, unitholder recordkeeping, pension services, securities lending services, foreign exchange settlement and treasury services.  As at December 31, 2013, CIBC Mellon had more than CAD$1.3 trillion of assets under administration on behalf of 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 global network, which as of December 31, 2013, had USD$27.6 trillion in assets under custody and/or administration and USD$1.58 trillion in assets under management.  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.

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

Paul Cunliffe, CIBC Mellon Corporate Communications, [email protected], 416-643-5289

Brent Merriman, CIBC Mellon Corporate Communications, [email protected], 416-643-5065