CIBC Mellon has earned the title of “Custodian of the Year: Canada” in the 2013 Custody Risk Americas Awards.

Custody Risk magazine’s Americas Awards recognize outstanding achievers in the securities services industry in both North and South America.

The awards were announced by the magazine and presented at a ceremony in New York City on April 18

“Our panel of judges reviewed detailed submissions from various custodians operating in Canada to evaluate their products, services and technology offerings, as well as feedback from clients. Based on a very strong asset servicing solution and high marks from its clients, the panel identified CIBC Mellon as Canada’s top custodian for 2013,” said Luke Clancy, editor, Custody Risk.

The magazine’s independent judging panel assessed nominees for the Custodian of the Year award based on a number of factors, including: client testimonials; major mandates won or retained; overall business growth; product innovation; response to market changes; and counterparty stability and risk management capabilities.

Toronto-based CIBC Mellon provides asset servicing solutions, including custody, multicurrency accounting, fund administration, unitholder recordkeeping, pension services and securities lending services, for institutions and corporations.