CIBC Mellon says that February 12 marked the 10th anniversary of the joint venture between CIBC and Mellon.

“We are proud to be a strategic partner in this joint venture,” said Steven G. Elliott, senior vice chairman, Mellon Financial Corp.. “Canada is an important market for us, and our joint venture enables us to offer our world-renowned technology to Canadian clients. We are very pleased with CIBC Mellon’s success in the last 10 years, and extend our most sincere congratulations.”

“CIBC Mellon has established itself as a leader in custody and trust services,” said Richard Venn, senior executive vp, CIBC, and chairman of CIBC Mellon’s board of directors. “Their achievements enable CIBC to offer enhanced services to our corporate and institutional clients, further strengthening our own client relationships. We are very pleased to be a partner in this joint venture, and wish to offer CIBC Mellon’s employees our congratulations on their success.”

Since its start as a joint venture 10 years ago, CIBC Mellon has grown its market share, as measured by assets under administration, from 10% to 30% today. To commemorate the anniversary, CIBC Mellon will host employee and client events throughout the year. Celebrations begin today with the launch of the firm’s newly designed Web site, and with employee breakfasts across the country.