CIBC Mellon Global Securities Services Company has been 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. This announcement comes on the release of Global Finance’s annual survey results, which are published in the magazine’s July/August edition.
“CIBC Mellon is the leading provider of sub-custody services in Canada, with the highest level of client service and sophisticated asset servicing technology,” said Joseph Giarraputo, publisher and editorial director, Global Finance Magazine. “Its business has continued to expand in the difficult market environment of the past few years and CIBC Mellon has contributed to the stability of the Canadian market. It is the sub-custodian of choice for cross-border investors in the Canadian market.”
“We are very proud to once again receive this recognition,” said Thomas S. Monahan, president and chief executive officer, CIBC Mellon. “We are committed to building on this success for our clients, and to continue to deliver a superior sub-custodian experience year after year.”
The annual survey, now in its eighth year, recognizes institutions that consistently provide the best custody services in local markets and regions to global clients. The survey solicits feedback from Global Finance editors, reporters and other expert sources to assess various categories including:
Customer relations
Quality of service
Business continuity plans
Competitive pricing
Smooth handling of exception items
Technology platforms
Post-settlement operations
Knowledge of local regulations and practices
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