For the third year in a row, CIBC Mellon was awarded #1 spot
as best sub-custodian in the world by Global Finance
Magazine.
TORONTO, July 25,
2024 /CNW/ - CIBC Mellon has been named "World's Best
Sub-custodian" by Global Finance Magazine. CIBC Mellon was awarded
this title for the third year in a row as part of Global
Finance Magazine's ranking of "The World's Best Banks 2024 – Global
Honorees." Global Finance will celebrate this year's honourees on
October 26, 2024 at the annual
World's Best Bank Awards Ceremony at the National Press Club in
Washington, DC. Winners will
also be featured in Global Finance's October print and digital
editions, as well as online at GFMag.com.
"CIBC Mellon continues to lead the Sub-custody sector with its
outstanding post-trade capabilities, deep resources and advanced
technology. Leveraging the platforms and services of its parent
companies, it delivers a broad number of offerings that scale with
client demands," said Joseph
Giarraputo, Founder and Editorial Director of Global
Finance. "For over thirty years, corporate and banking leaders
have turned to Global Finance's Best Bank Awards to identify
financial partners who not only excel in their offerings but also
adapt and innovate in an ever-evolving market."
"Canada continues to be a
vibrant and resilient market, and this accolade underscores our
role in supporting the country's financial ecosystem. Our
commitment to excellence in asset servicing has always been our
driving force, and this recognition highlights our efforts in
fostering trust and stability in the Canadian financial sector,"
said Mal Cullen, Chief Executive
Officer, CIBC Mellon. We will continue to innovate and invest
in our people and technology to stay ahead in this ever-evolving
industry, ensuring that we not only meet but exceed the
expectations of our clients and the market at large."
"Receiving the title of best Sub-custodian in the world is a
remarkable achievement that highlights our unwavering commitment to
our clients," said Richard Anton, Chief Client Officer,
CIBC Mellon. "At CIBC Mellon, we prioritize understanding and
addressing the unique needs of each client, ensuring we provide
tailored solutions that drive their success. This recognition by
Global Finance Magazine is not only a reflection of our team's
expertise and dedication but also a reminder of the trust and
partnership we have built with our clients. We are grateful for
this honour and remain dedicated to delivering top-tier service and
support to our valued clients around the globe."
About the World's Best Banks 2024 – Global Honorees
Winners were selected based on performance over the past year
and other criteria including reputation and management excellence.
Global Finance's editorial board made the selections with input
from corporate financial executives, analysts and bankers
throughout the world. The editors also used entries submitted by
banks for Global Finance's 2024 awards programs, in addition to
independent research, to evaluate a series of objective and
subjective factors.
About Global Finance
Global Finance, founded in 1987, has a circulation of 50,000
readers in 193 countries, territories and districts. Global
Finance's audience includes senior corporate and financial officers
responsible for making investment and strategic decisions at
multinational companies and financial institutions. Its website —
GFMag.com — offers analysis and articles that are the legacy of 37
years of experience in international financial markets. Global
Finance is headquartered in New
York, with offices around the world. Global Finance
regularly selects the top performers among banks and other
providers of financial services. These awards have become a trusted
standard of excellence for the global financial community.
About CIBC Mellon
As at June 30, 2024, CIBC Mellon
had more than C$2.8 trillion of
assets under administration on behalf of banks, 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
network, which as at June 30, 2024
had US$49.5 trillion in assets under
custody and/or administration. CIBC Mellon is a licensed user of
the CIBC trade-mark and certain BNY Mellon trade-marks, is the
corporate brand of CIBC Mellon Global Securities Services Company
and CIBC Mellon Trust Company, and may be used as a generic term to
refer to either or both companies.
For more information, including CIBC Mellon's latest knowledge
leadership on issues relevant to institutional investors active
in Canada, visit www.cibcmellon.com.
Media Contact
Alexandra DeCata, Corporate Communications, 416-643-
6126, alexandra.decata@cibcmellon.com
"CIBC Mellon continues to lead the Sub-custody sector with its
outstanding post-trade capabilities, deep resources and advanced
technology. Leveraging the platforms and services of its parent
companies, it delivers a broad number of offerings that scale with
client demands,"
SOURCE CIBC Mellon