CIBC Mellon Global Securities Services Company has been “Top-Rated” by Global Custodian magazine in its 2006 Agent Banks in Major Markets Survey, which recognised CIBC Mellon as the only Canadian custodial services provider to be “Top-Rated” in both client categories, cross-border and domestic.
“CIBC Mellon continues to be a leading provider of custodial services in Canada,” says Robert Kay, the managing director of Global Securities Consulting Services at CIBC Mellon. “Their commitment and dedication to their clients, combined with their innovative technology is reflected in their top rated-rankings.”
The annual survey, now in its 18th year, solicits feedback from domestic and cross-border clients, measuring the quality of custody, clearing and settlement services provided by their custodian across ten service categories. To achieve “Top-Rated” status, a provider’s overall weighted average score must equal or be better than the global weighted average.
“It is particularly gratifying to know that we stand alone in Canada with this rating and we are very proud of this hard earned achievement,” adds Thomas C. MacMillan, the president and chief executive officer at CIBC Mellon. “It demonstrates that both our domestic and cross-border clients are benefiting from our ability to deliver the highest possible level of client service.”