CIBC Mellon has been named the top sub-custodian operating in a major market in the Americas by Global Custodian magazine.
The “Single Market Sub-custody in the Americas: Major Markets” award was one of 25 global awards presented in London earlier this month and recognizes CIBC Mellon’s consistent and excellent performance on client surveys administered by Global Custodian.
In its most recent published assessment of the Canadian subcustody market, Global Custodian noted that “CIBC Mellon has witnessed an increase in the value of sub-custody assets under management due to the combined effect of market increases and new business. This year, it is out front among leading clients, beating the market average across virtually all service areas.”
“We are extremely proud that our service to clients has been recognized as not only the best in Canada, but as No. 1 across all major Americas markets,” says David Linds, senior vice-president, business development and relationship management, with CIBC Mellon.
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