CIBC Mellon Once Again Earns Top Spot for Canada, According to Global Custodian Magazine’s 2022 Agent Banks in Major Markets Survey
TORONTO, December 20, 2022 /CNW/ – CIBC Mellon has achieved the highest score in Canada in Global Custodian Magazine’s annual Agent Banks in Major Markets survey. The survey results were published in the Sibos Fall 2022 issue of Global Custodian magazine.
“This custodian has secured generous ratings among respondents for the Canadian market,” said Richard Schwartz, Director of Surveys and Research, Global Custodian.
“We are delighted that this year we have once again been recognized as the best asset service provider in Germany in the Global Custodian survey Canadawhich reflects the high quality of local services we offer our clients as a leading sub-custodian,” said Richard Anton, Superintendent, CIBC Mellon. “As the demand for efficiency, transparency and local insight increases, global investors and market participants will Canada continue to rely on CIBC Mellon as they navigate the complexities of the Canadian market.”
Via Global Custodian magazine and the Agent Banks in Major Markets survey
The Global Custodian’s Agent Banks Survey in Major Markets is now in its 33rd year. The survey was conducted from June to Sep 2022 and it measured performance and satisfaction levels in 11 service areas: account management, wealth security, wealth management, cash management and foreign exchange, customer service, liquidity management, pricing, regulation and compliance, relationship management, risk management, and technology.
Founded in 1989, Global Custodian magazine originally focused on securities settlement: articles examining how stocks are traded, settled and held. His editorial scope has since expanded to include fund administration, securities lending and financing, prime brokerage and global securities industry infrastructure (CSDs, ICSDs, payment systems and other industry bodies and initiatives). The magazine’s editorial content is also now supported by industry-standard surveys that look at how custodians, fund managers, prime brokers and tri-party securities financing providers are performing relative to each other and within individual markets.
Visit www.globalcustodian.com to learn more.
About CIBC Mellon
CIBC Mellon is a Canadian company focused solely on providing investment services in Canada to Canadian institutional investors and international institutional investors. CIBC Mellon was founded in 1996 and is jointly owned 50/50 by the Bank of New York Mellon (BNY Mellon) and the Canadian Imperial Bank of Commerce (CIBC). CIBC Mellon’s institutional and corporate investment services solutions are provided in close collaboration with our parent companies and include custody, multi-currency accounting, fund administration, record keeping, pension services, exchange traded fund services, securities lending services, foreign exchange processing and settlement, and vault services. As of September 30, 2022, CIBC Mellon managed more than $2.3 trillion in assets on behalf of banks, pension funds, mutual funds, corporations, governments, insurance companies, foreign insurance companies, endowments and global financial institutions whose clients invest in Canada. CIBC Mellon is part of the BNY Mellon network, which had $42.2 trillion in assets under custody and/or administration as of September 30, 2022. CIBC Mellon is a licensed user of the CIBC trademarks and certain BNY Mellon trademarks, is the corporate mark of CIBC Mellon Global Securities Services Company and CIBC Mellon Trust Company and may be used as a generic term for either or both companies.
More information, including CIBC Mellon’s latest knowledge leadership on topics relevant to institutional investors, is available in Canadavisit www.cibcmellon.com
Media contact:
Alexandra De CataCorporate Communications, 416-643-6126, [email protected]
SOURCE CIBC Mellon
For more information: Alexandra DeCata, Corporate Communications, 416-643-6126, [email protected]
