CIBC Mellon has released its inaugural corporate social responsibility (CSR) review, the company said Wednesday.The review, “Taking care”, provides details of the company’s progress on its CSR commitments made to date and its objectives for 2009.“This review looks at the impact of CIBC Mellon’s activities on our clients, communities, employees and the environment,” says Thomas […]
Second rating satisfies client demand
CIBC Mellon employees will deliver meals Friday to seniors in the downtown Toronto core as part of the company’s first employee volunteer event in celebration of National Volunteer Week.“This outreach event is just one of the many planned for this year and kick-starts Together in Action — CIBC Mellon’s community volunteering program,” says Rajesh Uttamchandani, […]
Newfoundland and Labrador has appointed CIBC Mellon Global Securities Services Co to provide securities lending, custody, accounting services, and performance measurement for its $6.4 billion pooled pension fund, CIBC Mellon said Tuesday.“Newfoundland and Labrador is a vibrant province with exciting growth and our selection as the asset servicing provider for its pension plan is a […]
CIBC Mellon has been appointed custodian in the $32 billion restructuring of the non-Canadian, non-bank sponsored asset-backed commercial paper (ABCP) market, the company said Thursday.“CIBC Mellon is uniquely positioned in the Canadian market to manage this important and complex ABCP restructuring,” says Thomas MacMillan, president and CEO. “We worked closely with the Pan-Canadian Investors’ Committee […]
CIBC Mellon is offering Tax-Free Savings Account services to assist investment fund companies in providing TFSA options to their clients, and to permit public companies to offer TFSA selections as part of their employee share/unit purchase plans, the company announced Tuesday.“TFSA is a great new personal savings vehicle that helps Canadians reduce taxes on their […]
Moody’s Investors Service has assigned a bank financial strength rating of B- and a long-term issuer rating of Aa2 to CIBC Mellon Trust Co.It assigning the rating, Moody’s cited the company’s excellent standing in its primary Canadian market (asset servicing and issuer services), robust governance discipline, excellent capitalization, a lack of material credit risk, and […]
CIBC Mellon selects EquiLend to enhance its securities lending operations
Report card summarizes monthly trade match performance for all CDS buy and sale trades
CIBC Mellon to act as custododian for fund family