For the second yr in a row, CIBC Mellon was awarded #1 spot as greatest sub-custodian on the planet by International Finance Journal.
TORONTO, Sept. 25, 2023 /CNW/ – CIBC Mellon has been named “World’s Greatest Sub-custodian” by International Finance Journal. CIBC Mellon was awarded this title for the second yr in a row as a part of International Finance Journal’s rating of “The World’s Greatest Banks 2023 – International Honorees.” The award outcomes had been introduced by International Finance on July 25, 2023, formally offered in Toronto on September 19, 2023 as a part of the Sibos convention, and will probably be featured in International Finance’s October print and digital editions, in addition to on-line at GFMag.com.
“With the return of inflation, provide chain reorganizations and speedy technological development fueled by synthetic intelligence, what was thought of nice up to now is now thought of honest,” stated Joseph D. Giarraputo, founder and editorial director of International Finance. “For 3 many years, company and banking decision-makers have relied on International Finance’s Greatest Financial institution Awards to assist them separate good monetary companions from the most effective monetary companions.”
“In an more and more fragmented world, the challenges for world monetary establishments proceed to rise relentlessly. In opposition to that backdrop, it is a gigantic honour to be acknowledged as the most effective on the planet at what we do,” stated Mal Cullen, Chief Govt Officer, CIBC Mellon. “With because of International Finance, our gifted groups who contributed to our success, and engaged purchasers for his or her help. We stay dedicated to delivering unparalleled service, cutting-edge know-how and revolutionary options on this dynamic panorama.”
“We’re immensely proud to as soon as once more maintain the title of World’s Greatest Sub-custodian by International Finance,” stated Richard Anton, Chief Operations Officer, CIBC Mellon. “This achievement underscores the unwavering dedication and proficiency of our groups, who constantly go above and past to serve our purchasers with excellence. CIBC Mellon has a protracted historical past of serving to home institutional buyers and world buyers into Canada succeed with on-the-ground experience and in-depth data of the Canadian market.”
Winners had been chosen primarily based on efficiency over the previous yr and different standards together with status and administration excellence. International Finance’s editorial board made the alternatives with enter from company monetary executives, analysts and bankers all through the world. The editors additionally used entries submitted by banks, along with impartial analysis to judge a sequence of goal and subjective components.
International Finance, based in 1987, has a circulation of fifty,000 and readers in 193 nations and territories. International Finance’s viewers contains senior company and monetary officers chargeable for making funding and strategic choices at multinational corporations and monetary establishments. Its web site — GFMag.com — presents evaluation and articles which can be the legacy of 36 years of expertise in worldwide monetary markets. International Finance is headquartered in New York, with workplaces around the globe. International Finance recurrently selects the highest performers amongst banks and different suppliers of monetary companies. These awards have develop into a trusted customary of excellence for the worldwide monetary group.
As at June 30, 2023, CIBC Mellon had greater than C$2.5 trillion of belongings underneath administration on behalf of banks, pension funds, funding funds, companies, governments, insurance coverage corporations, overseas insurance coverage trusts, foundations and world monetary establishments whose purchasers spend money on Canada. CIBC Mellon is a part of the BNY Mellon community, which as at June 30, 2023 had US$46.9 trillion in belongings underneath custody and/or administration. CIBC Mellon is a licensed consumer of the CIBC trade-mark and sure BNY Mellon trade-marks, is the company model of CIBC Mellon International Securities Providers Firm and CIBC Mellon Belief Firm, and could also be used as a generic time period to check with both or each corporations.
For extra info, together with CIBC Mellon’s newest data management on points related to institutional buyers lively in Canada, go to www.cibcmellon.com.
Alexandra DeCata, Company Communications, 416-643 6126,
SOURCE CIBC Mellon
For additional info: Media Contact: Alexandra DeCata, Company Communications, 416-643 6126,